JOHANNESBURG (miningweekly.com) – Despite the downturn in global mining revenues and volumes, JSE-listed Omnia’s Mining division has been “remarkably resilient” and continues “to forge ahead in maintaining its position as a leading player” in the opencast mining industry on the African continent, group CEO Rod Humphris said on Tuesday. The Mining division achieved a lower operating profit of R526-million for the financial year ended March 31, down 27% year-on-year, owing to lower volumes being mined, while price pressures led most mines to reduce output and cut expenditure on explosives and services, he noted at a presentation of the group’s results, in Johannesburg.
