Afrimat leverages diversification strategy and strategic initiatives
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 operating assets of 27,4% Net […]
Afrimat’s Nkomati Anthracite mine proudly opens R2.5million community hall in Madadeni
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 a brick-and-mortar community hall as […]
Afrimat delivers robust results, with revenue up over 26%
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 debt: equity ratio of 12,1% […]
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 of R250 million for the […]
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 4 November 2021 – Afrimat, […]
Afrimat proudly funds bulk water-link for Olifantshoek community
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 the Northern Cape, has limited […]
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 that there are many positives […]
Afrimat produces solid results, backed by diversification strategy and strong cash generation
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 cash from operating activities of […]
Afrimat steps in to save Nkomati Anthracite Mine
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 (“Nkomati”) to be placed under […]
Afrimat reports record results driven by diversification and efficiency – supported by an entrepreneurial culture
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 company providing industrial minerals, commodities […]