Reviewed condensed group interim financial statements and unreviewed production and sales volumes information for the six-month period ended 30 June 2016

SALIENT FEATURES

 

Owner-controlled operations

  • Coal sales at 22Mt, up 9%
  • Core coal NOP of R2 billion, up 22%
 
 

SIOC

  • R745 million core posttax equity-accounted income, up 17%
  • No dividends declared for 1H16
 
 

Tronox

  • R921 million core post-tax equity losses
  • Dividend of R233 million
 
 

Mafube

  • R450 million dividend received
 
 

Group

  • Net debt: equity of 6,5%
  • Capital expenditure reduction
  • Cost savings
    • R110 million labour bill savings since VSP*
    • R288 million procurement savings p/a
  • Interim dividend of 90cps, up 38%