Message Mer 31 Aoû 2011 13:22

potentiel de participation pour ZCCM-IH ..!!

The Konnoco (ZAMBIA) Limited mining licence, LML20, has recently been
granted an extension to incorporate the Prospecting Licence of Area "A".
The revised licence, Licence 7061-HQ-LML, was issued in July 2011 and
covers an area of 240 km2. The mining licence is bound by the Zambia/DRC
border to the west, north and east and the KCM Konkola mining licence is
adjacent to the south.
ZCCM-Investment Holding PLC (ZCCM) notified the JV of its intention to
exercise their buy-in right into the project company of 20% with 5% thereof
being a free carry. In addition, ZCCM also elected to have their portion of
the non-free carry equity and project funding provided through their own
sourced financing.

ici :http://www.sharenet.co.za/v3/sens_display.php?tdate=20110831070518&seq=365


African Rainbow’s Annual Profit Jumps 83% as Iron Ore, Chrome Prices Surge
By Jana Marais - Aug 31, 2011 4:18 AM GMT-0300

African Rainbow Minerals Ltd. (ARI), the diversified South African mining company, said fiscal full-year profit jumped 83 percent as output volumes and prices for its products surged.

Net income for the 12 months ended June increased to 3.3 billion rand ($468 million), from 1.8 billion rand, the Johannesburg-based company said in a statement today. The annual dividend increased to 4.50 rand a share from 2 rand.

Billionaire founder and Chairman Patrice Motsepe’s company said it’s planning capital spending of more than 10 billion rand in the next three years to June 2014. “We are confident about the long-term future of the minerals we mine, despite current volatility and are continuing with our aggressive growth strategy,” the company said in the statement.

African Rainbow advanced as much as 1.5 percent to 183.06 rand in Johannesburg trading, the highest since Aug. 15. The stock was at 182 rand at 9:07 a.m., valuing the company at about 38.8 billion rand.

The ferrous division, which includes iron ore, chrome and manganese assets mined in partnership with Assore Ltd., accounted for 2.9 billion rand of so-called headline earnings, more than double a year earlier. Prices for iron ore also more than doubled, chrome ore climbed by 56 percent and manganese ore by 23 percent, the company said.

African Rainbow mines coal in partnership with Xstrata Plc, platinum group metals with Anglo American Platinum Ltd. and Impala Platinum Ltd., and nickel with MCC Norilsk Nickel OJSC. It holds a 14.8 percent stake in Harmony Gold Mining Co.

Contracts worth almost $321 million, or 82 percent of authorized spending of $391 million, have been placed for the Konkola North copper project African Rainbow is developing with Vale SA in Zambia, the company said today. The project is on schedule to produce its first copper in December 2012.

To contact the reporter on this story: Jana Marais in Johannesburg at jmarais@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net