picking "The improvement at ARM Platinum was driven by increased output from the Two Rivers and Modikwa mines but was mainly attributable to a turnaround at Nkomati, where volumes, grades, efficiencies and recoveries all increased."
and the last few sentences...
"Despite growth in China refocusing towards a consumer-driven economy and concern over China’s imports of raw materials slowing, Chinese commodity demand is expected to be supported by a stabilising economy and pro-growth policies outlined by the Chinese government," ARM executive chairman Patrice Motsepe said.
"These include increased investment in infrastructure and rail projects, which are expected to have a positive impact on demand and prices for certain commodities.
"ARM will continue to consider quality acquisitions as part of its capital allocation strategy. ARM remains financially robust and its positive cash flow enables ARM to invest in growth and pay dividends."
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Is that strong arm (ala paja) on the other side of my imagined tug of war line? but it was a technical problem...wasnt it?
ah who knows ? I read that nothing is sacrosanct ...
"Anglo American remains committed to its South African platinum mining business if it pays its way but violence in the country’s mines must stop, the group’s new chief executive officer said on Thursday.
Anglo American Platinum, the world’s largest producer of the precious metal, made a loss last year because of low prices and strikes in the country, which sits on four-fifths of the world’s known platinum reserves."
and later....
"Asked whether Anglo American was committed to staying in South African platinum, CEO Mark Cutifani told Reuters: “Yes we are … as we are for all of our commodities. But if they don’t deliver, they won’t stay in the portfolio. Nothing is sacrosanct.”
