[PODCAST] ‘The amount of opportunity available right now is absolutely amazing, and we are sitting with a debt-free balance sheet’ – CEO of Afrimat_Ltd Andries van Heerden on MoneywebNow with SimonPB. Download the podcast below. Moneyweb Business
SIMON BROWN: I’m chatting with Andries van Heerden, CEO of Afrimat. Results for year-end February. Revenue up 4.9% at just shy of R5 billion. Heps 15.7%, and a final dividend of 110 cents a share. Andries, the first question, as we sit here heading into winter with updates from Eskom, how bad is load shedding for your operations?
SIMON BROWN: A number of commodity prices are going against you, which you’ve obviously got no control of. But we saw good increased volumes from Jenkins coming into production, a turnaround from Nkomati, and good production coming through there. From a production aspect a really strong year. ANDRIES VAN HEERDEN: Yes, absolutely. In the case of Nkomati it is a difficult geology, and the big thing was to really position the mine in such a way that you are not reliant on a single working area. That’s why we have two open pits and an underground area, so that you have that versatility and that almost diversification of the problem, reducing the risks. That really made a big difference on that mine.ANDRIES VAN HEERDEN: It’s relatively shallow.
ANDRIES VAN HEERDEN: Yes. There’s a bigger plan that we have, but more of that later. For now that is the plan. ANDRIES VAN HEERDEN: Yes. That’s the phosphate. The phosphate is the other product in that mine, and that’s what we use as a feedstock for the single super phosphates that we’ll be making. And then also other feedstocks for further value-enhanced product.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese offer help with blackouts, Pravin Gordhan tells MPsInterim CEO Calib Cassim held discussions about assistance in addressing load-shedding
Read more »
Reading between the lines: Mantashe rips into ex-Eskom CEO’s new bookMineral resources and energy minister bites back at criticism from De Ruyter in his new book, Truth To Power.
Read more »
Reading between the lines: Mantashe rips into ex-Eskom CEO’s new bookMineral resources and energy minister bites back at criticism from De Ruyter in his new book, Truth To Power.
Read more »
Stage 6 load-shedding will be a “success” for Eskom this winter, says CEOActing Eskom CEO Calib Cassim says that the utility would consider it a success if the highest stage of load-shedding it needed to implement during the coming winter were stage 6.
Read more »
Possible GTA 6 release date hinted by Take Two CEOOfficial comment about positive future revenue expected for the game’s publisher — Take Two Interactive — has fueled speculation that Grand Theft Auto 6’s release is around the corner.
Read more »
Ninety One CEO Hendrik du Toit warns supporting Russia is ‘dangerous’Appearing to flout US sanctions not in the interests of the people of SA, says Du Toit
Read more »