HIGHLIGHTS
Safety: three mines achieve consecutive fatality-free shift records
Record attributable earnings for the third consecutive year
Record dividend of R24 per share
Net cash of R9 billion
FINANCIALS
- Condensed consolidated income statement
- Condensed consolidated statement of comprehensive income
- Condensed consolidated statement of financial position
- Fair values of financial instruments
- Condensed consolidated statement of cash flow
- Condensed consolidated statement of changes in equity
- Segmental information
COMMENTARY
Safety
Assore operations
Dwarsrivier Chrome Mine Proprietary Limited (Dwarsrivier) achieved improvement in its lost-time injury frequency rate (LTIFR) to 0,17 for the financial year ended 30 June 2019 (FY19 or the current year) from 0,19 for the financial year ended 30 June 2018 (FY18 or the prior year). Dwarsrivier's achievement of five million fatality-free shifts in March 2019 contributed significantly to an improvement of the LTIFR of the operations controlled by Assore to 0,22 for FY19 from 0,27 in FY18.
Assmang operations
The operations of Assmang Proprietary Limited (Assmang), which is jointly controlled by Assore and African Rainbow Minerals Limited (ARM), achieved a combined LTIFR of 0,19 for FY19, representing a deterioration from the level recorded in FY18 of 0,13. However, its operations continue to maintain and achieve exceptional safety records. Khumani Iron Ore Mine achieved the best LTIFR in its operational history of 0,08, while Beeshoek Iron Ore mine achieved four million fatality-free shifts in January 2019. In the Manganese division, the Black Rock Mines achieved seven million fatality-free shifts in February 2019, with the Cato Ridge smelters completing a second consecutive year without a lost-time injury.