JOHANNESBURG (miningweekly.com) – JSE-listed African Rainbow Minerals said on Thursday that it expected an increase in its sales volumes of iron-ore, manganese ore, manganese alloys, nickel and platinum-group metals to positively impact on its financial results for the six months ended December 2011.

However, as the dollar prices fell, the positive effect of higher sales volumes, particularly for manganese ore, manganese alloys, nickel and chrome concentrate, reduced.

The diversified miner expected headline earnings a share to increase to between 890c and 930c, compared with 734c in the same period last year, while basic earnings a share could reach to between 910c and 950c.

The company would publish its interim results on February 27.
 

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