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ARM Coal

Participating Coal Business (PCB)

The Participating Coal Business (PCB) assets are situated in the Witbank Coalfield about 7km south of the town of Ogies in Mpumalanga province, South Africa. ARMís attributable economic interest in PCB operations is 10%.

Management

Governed by a supervisory committee with five Glencore representatives and three ARM representatives. Operational management of the PCB mines is contracted to Glencore.

ARMís economic interest 20.2%

Operational statistics

(100% basis)   F2016 F2015 % change
Total saleable production million tonnes

14.63

13.61

7
Impunzi million tonnes 6.53 6.3 4
South Stock million tonnes 0.41 1.9 (78)
Tweefontein million tonnes 7.69 5.4 42
Total sales million tonnes 16.98 13.50 26
Export million tonnes 14.76 10.73 38
Eskom million tonnes 1.39 1.74 (20)
Local million tonnes 0.83 1.03 (19)
Average price received        
Export (FOB) US$/t 41.66 55.12 (24)
Eskom (FOR) R/t 223.13 214.64 4
Local (FOR) R/t 384.24 361.99 6
On mine saleable cost per tonne R/t 272.60 333.39 (18)
Cash operating profit R million 1 967 1 629 21
Operating margin % 21 21  
Capital expenditure R million 1 062 2 759 (62)

Attributable profit analysis

     
      F2016
F2015 % change
Cash operating profit attributable to ARM R million 397 329 21
Less: Interest paid R million (308) (263) (17)
Amortisation R million (321) (300) (7)
fair value adjustments R million (59) (25) (136)
Profit before tax R million (291) (259) (12)
Tax R million 81 73 11
Headline loss earning attributable to ARM R million (210) (186) (13)

 

Coal division

Coal Division map

Coal division map


Partner companies

Xstrata Coal South Africa

www.xstrata.com


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