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…
Afrimat’s Demaneng Mine committed funds towards to the construction of a bulk link-line from three boreholes to a 7ML reservoir, to assist with alleviating the prevailing water issues in Olifantshoek. This project forms part of Afrimat Demaneng’s local economic development initiatives. Olifantshoek, situated in the dry Gamagara Local Municipality in…
21 May 2021 – Afrimat, a leading open-pit mining Company providing industrial minerals, commodities, and construction materials, today announced what will be its biggest acquisition to date, being the acquisition of the Gravenhage manganese mining right and associated assets (“Gravenhage”) in the Northern Cape. Afrimat CEO Andries van Heerden said…
Highlights – Operating profit up 11,0% to R353,1 million – Headline earnings per share (HEPS) up 1,1% to 183,9 cents – Strong balance sheet with net cash position – Interim dividend per share of 36,0 cents – Return on net operating assets 32,9% – Operating profit margin 22,7% – Net…
5 October 2020 – Afrimat, a leading open-pit mining company providing industrial minerals, commodities and construction materials, today released communication on the Stock Exchange News Service (“SENS”) indicating that it had lodged papers in the High Court of South Africa, Gauteng Local Division, Johannesburg, asking for Nkomati Anthracite Proprietary Limited…
Highlights – Headline earnings per share (‘HEPS’) up 48,5% to 347,7 cents – Group revenue up 11,4% to R3,3 billion – Operating profit margin 18,2% – Return on net operating assets 30,9% – Net debt:equity ratio improved from 23,8% to 8,2% 21 May 2020 – Afrimat, a leading open-pit mining…
Highlights – Group revenue up 24,6% to R3,0 billion – Headline earnings per share (“HEPS”) up 29,6% to 234,1 cents – Operating profit margin 15,9% – Final dividend per share of 62,0 cents – Return on net operating assets 25,4% – Net debt:equity ratio improved from 35,5% to 23,8% 23…
Highlights – Group revenue of R2,5 billion – Headline earnings per share (“HEPS”) of 180,7 cents – Contribution from operations’ margin 14,3% – NAV per share of 857 cents – Final dividend per share of 42,0 cents – Return on net operating assets 21,8% – Net debt:equity ratio improved from…
The story of Bongani Nkonyane Cape Town, 14 February 2018 – For many companies, transformation remains a tick-box exercise; in most cases it’s simply about adhering to BEE Codes and ensuring leadership equity. But for Afrimat, a leading open-pit mining company supplying industrial minerals and construction materials to the market,…
