African Rainbow Minerals expects HEPS down between -45% and -55%, to between 1,166c and 1,425c, compared with 2,591c last year. The decline reflects weaker realised US$ iron ore prices and higher mechanised development costs at Bokoni. Basic earnings are expected to drop between -85% and -95% to between 80c and 241c per share, including a R2.2bn impairment at Bokoni Mine.
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