Construction materials power Afrimat’s results Salient features of the results • Group revenue increased by 20.3% to R10,0 billion (2025: R8,3 billion) • Operating profit up 9,6% to R523,7 million (2025: R 477,7 million)
Financial Statements were released at the 136th Annual General Meeting (AGM) of the Minerals Council, whose members account for 90% of annual mined production by value. During the AGM, Minerals Council President, Paul Dunne, and CEO, Mzila Mthenjane, reflected on 2025, a year in which fundamental changes were proposed to the Mineral and Petroleum Resources Development Act and significant structural reforms were rolled out by the Government in the energy and logistics sectors. “We are living through one of the most important moments in recent years for the South African mining sector. A fundamental sea change is underway as the Department of Mineral and Petroleum Resources (DMPR) is revising the Act, which was gazetted 22 years ago,” said Dunne. The mining sector employed 470,457 people in 2025 and paid R200 billion in wages. The sector paid a total of R124 billion in taxes to the fiscus and contributed R477 billion to gross domestic product, accounting for 6.2% of GDP. The mining sector is a significant contributor to employment, the economy • Headline earnings per share (HEPS) up 32.5% to 95,8 cents (2025: 72,3 cents) • Net asset value (NAV) per share 2 899 cents (2025: 2 862) cents • Final dividend per share of 13 cents, declared Afrimat, a multi-commodity, mid-tier mining company that produces and supplies construction materials, iron ore, anthracite, phosphate, and high-quality industrial minerals, recently released results for the year ended 28 February 2026. “These results reflect the strength of Afrimat’s strategic positioning and our ability to deliver on our investment commitments. Our renewed focus on aggregate quarrying has proved to be well-timed, and the Lafarge integration is complete and performing exceptionally
Afrimat is a multi-commodity, mid-tier mining company.
• Embedding predictive safety systems to eliminate critical risks • Strengthening inclusive transformation through sustainable skills pipelines • Securing pragmatic policy certainty under the MRD Bill • Restoring infrastructure reliability to unlock production growth and exports • Accelerating people-centred modernisation and innovation. n alternatives and potential technology partners. We recognise the high quality of the assets within our portfolio and will continue to evolve our strategy to optimise and sustain returns on invested capital over the long term, while remaining responsive to the dynamic macroeconomic environment,” he added. n demonstrated by Aggregates. Our core strength remains open-cast mining, and for Cement and the Glenover project, we are actively assessing a range of strategic
and the global minerals market, having exported R816 billion worth of minerals. The Minerals Council played a constructive role in intervening in South Africa’s energy and logistics crises. During 2025, it welcomed the structural reforms that will fundamentally change energy, rail and ports services, loosening the grip of state-owned companies on the key areas that will contribute to a growing economy and expanded job opportunities. An emerging risk for the mining sector demanding immediate attention is water security. Bulk water supply in several mining regions was interrupted during 2025, highlighting the vulnerabilities in municipal and regional infrastructure systems. “Water is essential to both communities and operations, and strengthening maintenance capacity, governance and investment in water infrastructure must become a national priority,” said Dunne. For 2026, the Minerals Council entered the year on a stronger footing and with clear intent. Its priorities for the year include: well. The Aggregates business has been significantly strengthened, and the numbers demonstrate this clearly. Afrimat remains profitable, able to service debt, and is a consistent dividend payer,” said Group CEO Andries van Heerden. “We are currently in a phase where significant strategic acquisitions have been completed. Where integration of operations into Afrimat was possible, it has been executed successfully and is performing exceptionally well, as
Council's review highlights mining sector progress at 136 th AGM The Integrated Annual Review and Annual
Minerals Council members account for 90% of annual mined production by value.
JULY 2026 | www.modernminingmagazine.co.za MODERN MINING 7
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