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ARI
ARIM
ARI - African Rainbow Minerals Limited - Update on conversion of further
Furnaces at Machadodorp Works
African Rainbow Minerals Limited
(Incorporated in the Republic of South Africa)
(Registration number 1933/004580/06)
JSE share code: ARI
ISIN: ZAE000054045
("ARM")
UPDATE ON CONVERSION OF FURTHER FURNACES AT MACHADODORP WORKS
Further to the announcement made on 10 September 2010 titled "Possible
conversion of further furnaces at Machadodorp Works"; African Rainbow Minerals
Limited and Assore Limited, who jointly own and control Assmang Limited
("Assmang"), announce the conversion of additional furnaces to high carbon
ferromanganese at Machadodorp Works.
Assmang announced today that, after the successful conversion of the No. 5
Furnace at Machadodorp Works from the production of charge chrome to high carbon
ferromanganese, it has completed the evaluation of converting further furnaces
and has decided to convert No`s 2 and 3 Furnaces to produce high carbon
ferromanganese.
There are a number of engineering modifications that must be carried out and
logistical issues that need to be addressed before the conversion can be
implemented. It is therefore anticipated that the conversion will commence
during the first quarter of the 2012 calendar year, with ferromanganese being
produced from the No`s 2 and 3 Furnaces from the third quarter of 2012.
The conversion of the additional furnaces will increase Assmang`s production of
high carbon ferromanganese by approximately 100 000 tonnes per year, bringing
its total capacity to some 375 000 tonnes per year. Key ferrochrome customers
will continue to be supplied from the No. 1 Furnace at Machadodorp Works.
Assmang continues to study the optimisation of alloy production at both its
Machadodorp and Cato Ridge Works.
For all investor relations queries, please contact:
Jongisa Klaas
Head of Investor Relations and Corporate Development
Office: +27 11 779 1507
Email: jongisa.klaas@arm.co.za
Sandton
30 June 2011
Sponsor to ARM: Deutsche Securities (SA) (Proprietary) Limited
Date: 30/06/2011 16:00:12 Produced by the JSE SENS Department.
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