Category: Press Releases

Afrimat adds phosphate and rare earths to an already diversified product offering

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…

Afrimat produces excellent interim results, with a strong balance sheet giving it the ability to accelerate growth

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 acquires Gravenhage manganese mining right to further strengthen diversification

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…