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ARI
ARIM
ARI - African Rainbow Minerals Limited - Assmang - Manganese alloy 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")
Assmang- Manganese alloy capacity shutdown
Johannesburg, 18 December 2008 Due to the extensive cutbacks in carbon steel
production, particularly in Europe and North America, Assmang Ltd ("Assmang")
has decided to shut down 3 High Carbon Ferromanganese furnaces at its Cato Ridge
Works effective 25 December 2008.
The smelter will then be operating three furnaces, which equates to
approximately 60% of capacity. Cato Ridge Alloys (Pty) Ltd, (50% owned by
Assmang) has also made the decision to shut down its production of Medium Carbon
Ferromanganese effective immediately. Assmang is jointly owned by ARM and Assore
Ltd.
The market will be closely monitored to evaluate when the idle capacity can be
re-started.
ENDS
For more information please contact:
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
OR
Jan Steenkamp
Chief Executive: ARM Ferrous
Office: +27 11 779 1108
Mobile: +27 82 492 6948
E-mail: jan.steenkamp@arm.co.za
OR
Bryan Broekman
Executive: Ferrous Operations
Office: +27 11 779 1108
Mobile: +27 82 452 0462
E-mail: bryan.broekman@arm.co.za
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Date: 18/12/2008 15:00:20 Produced by the JSE SENS Department.
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