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Operating Costs, Including Electricity, Prohibitive, According to ARM
Feb. 28, 2013 07:26AM PST
Battery MetalsMining 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.
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.