20 June 2023 – Leading mid-tier mining and materials company, Afrimat, today announced the acquisition of Lafarge South Africa Holdings (Pty) Ltd (“LSA”), including all its subsidiaries (“LSA Group”), subject to the fulfilment of conditions precedent relating to the receipt of customary regulatory approvals. LSA Group, a member of the…
Highlights Group revenue up 4,9% to R4,9 billion Operating profit margin of 19,6% Headline earnings per share (‘HEPS’) of 457,6 cents Final dividend per share of 110,0 cents Net asset value (‘NAV’) per share up 19,4% to 2 591 cents Return on net operating assets 24,0% Net debt:equity ratio of…
More accurately depicts the group’s operations 20 March 2023 – Today, Afrimat, a leading mid-tier open-pit mining company providing Industrial Minerals, Bulk Commodities, Construction Materials and Future Materials and Metals, announced that its JSE listing classification will change from the Basic Materials, Construction sector to the General Mining sector. Through…
Creating value for communities: Afrimat Nkomati Anthracite proudly opens the newly renovated and extended Steenbok Clinic Afrimat’s Nkomati Anthracite mine in Mpumalanga officially opened the newly renovated and extended Steenbok Clinic in Steenbok, in partnership with the Mpumalanga Department of Health and Department of Mineral Resources and Energy. Stakeholders who…
Group delivers satisfactory results for the six months ended 31 August 2022 Highlights Group revenue of R2,6 billion Headline earnings per share (‘HEPS’) of 252,2 cents Interim dividend per share of 40,0 cents Operating profit margin 19,7% Net asset value (‘NAV’) per share of 2 481 cents Return on net…
Afrimat’s Nkomati Anthracite mine in Mpumalanga today officially opened the Mawewe Community Hall in Madadeni, in partnership with the Tribal Authority, Nkomazi Local Municipality and the Department of Mineral Resources and Energy. Nkomati Anthracite committed over R2 500 000.00 (two and a half million Rand) to fund the construction of…
14 June 2022 Afrimat Investor Open Day Invitation The Afrimat management team is pleased to extend an invitation to participate in an in-person and virtual Investor Open Day at which you will gain insight into the businesses of the Group as presented by each Managing Director. Please register by clicking…
Consistently delivering to ensure sustainable returns Highlights – Group revenue up 26,7% to R4,7 billion – Operating profit margin of 23,7% – Headline earnings per share (‘HEPS’) up 22,9% to 542,9 cents – Final dividend per share of 146,0 cents – Return on net operating assets of 33,0% – Net…
9 December 2021 – Afrimat, a leading open-pit mining company providing industrial minerals, bulk commodities, and construction materials, today announced another acquisition, this time in the phosphate and rare earth minerals space, through the acquisition of Glenover Phosphate (Pty) Ltd (“Glenover”) for a total purchase consideration of R550 million, consisting…
Highlights – Operating profit up 65,0% to R582,8 million – Headline earnings per share (“HEPS”) up 60,5% to 295,1 cents – Interim dividend per share of 40,0 cents – Operating profit margin 24,1% – Net cash from operating activities of R806,5 million – Strong balance sheet with net cash position…
