ARM writes down coal assets for R1.6bn, pays cautious ...
· AFRICAN Rainbow Minerals (ARM) impaired its thermal coal assets by R1.6bn owing to "the sharp decline" in export prices and lower sales volumes, the diversified mining firm announced today in its results for the 12-months ended June.. The write-down (R1.52bn after-tax) was the major blot on numbers that were otherwise decent, demonstrating an increase in cash flow and a healthy cash ...