JSE-listed African Rainbow Minerals (ARM) has actually cautioned that its heading incomes for the 2024 fiscal year are anticipated to reduce by in between 40% and 50% year-on-year to in between R4.49-billion and R5.39-billion for the year finished June 30, compared to concerning R8.98-billion in the fiscal year finished June 30, 2023. The business connects the decrease in annual heading incomes mostly to the decrease in the typical buck six-element platinum team steels basket cost and reduced thermal coal costs.
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