Quarterly predictions, page-669

Every quarterly report outlines capital expenditure to improve the mine and production.
This is why the ROCE for Grange is outstanding.

Thus, Grange Resources has an ROCE of 45%. That's a fantastic return and not only that, it outpaces the average of 8.4% earned by companies in a similar industry.

Over the last five years, returns on capital employed have risen substantially to 45%. The amount of capital employed has increased too, by 144%. So we're very much inspired by what we're seeing at Grange Resources thanks to its ability to profitably reinvest capital.