ARI
ARIM
ARI - African Rainbow Minerals - Assmang - Additional Capacity Shutdown
African Rainbow Minerals Limited
(Incorporated in the Republic of South Africa)
(Registration number 1933/004580/06)
JSE Share code: ARI
ISIN: ZAE000054045
("ARM" or the "Company")
Assmang - additional capacity shutdown
Assmang Limited ("Assmang") (jointly controlled 50/50 by ARM and Assore Limited)
announced today that due to a further deterioration in the stainless steel
market, Assmang has decided to shut down its Number 2 Furnace (capacity +-45 000
Mtpa) at the company`s Machadodorp Ferrochrome Works, from today.
After the earlier shutdown of Furnaces 3 and 5, the smelter will only be
operating one furnace, which equates to approximately 30% of capacity. Chrome
ore production at the company`s Dwarsrivier Chrome Mine will also be adjusted
commensurately in the new year.
The market will continue to be closely monitored to evaluate when the idle
capacity can be re-started.
For all more information please contact:
Jan Steenkamp
Chief Executive: ARM Ferrous
Office: +27 11 779 1108
Mobile: +27 82 492 6948
E-mail: jan.steenkamp@arm.co.za
or
Monique Swartz
Corporate Development and Head of Investor Relations
Office: +27 11 779 1507
Mobile: +27 83 411 2881
E-mail: monique.swartz@arm.co.za
Johannesburg
8 December 2008
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Date: 08/12/2008 13:22:02 Produced by the JSE SENS Department.
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