keywords :
The production of ARM's chromium concentrate in the fiscal year 2023 was 289,600 tons, a year-on-year increase of 14.6% (fiscal year 2022: 252,800 tons).
The Modikwa mine under ARM has produced 138,600 tons of chromium concentrate in the past 2023 years, achieving the guidance production target of 125,000 tons at the beginning of the year. The total annual sales of chromium ore reached 99,500 tons, a significant increase compared to 38,100 tons in 2022. However, the mining output of some mines is lower than the guidance target, the average monthly mineral output of South 2 project is lower than expected, and the underground to surface integrated mining construction will be postponed to the fourth quarter of 2024.
The average monthly mining output of minerals in Two Rivers mine reached the target, but the total annual sales volume of chrome ore was 190,200 tons lower than the expected value of 221,000 tons at the beginning of the year. The target ARM sales volume was 208,000 tons in 2024.