Erratum in press release - Correction
Tuesday, 8 March 2016
Shareholders are advised that it has come to the management’s attention that the press release released yesterday by the company contains a typing error, in that the tonnes produced and sold as outlined in bold below were reported as “m” tonnes instead of “k” tonnes.
Somkhele anthracite mine in KwaZulu-Natal
Somkhele reported a 6% reduction in tonnes produced of saleable anthracite to 637k tonnes (2014: 678k tonnes), with a 6% drop to 621k tonnes sold (2014: 660k). The reduced production was due to geological conditions in the mining areas which affected the quality and sizing of run-of-mine material.
Production and sales during the period remain above the benchmark 1,2 million tonnes metallurgical anthracite capacity of Somkhele.
Somkhele also produces an energy coal from discard. Tonnes produced in the six months to end-December 2015 were down 8% to 157k tonnes (2014: 171k) and sales down 12% to 237k (2014: 269k).
The company wishes to apologise for any confusion this may have caused.
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8 March 2016