Operating Costs, Including Electricity, Prohibitive, According to ARM

Mining Weekly reported that African Rainbow Minerals (ARM) is speaking out about how the rising cost of electricity in South Africa is creating a difficult operating environment.

As quoted in the market report:

Responding to questions following ARM’s reporting of 30%-lower earnings in the six months to December 31, Schmidt said that the JSE-listed company had to respond by investing capital into its smelting operations.

To view the whole Mining Weekly report, click here.