JSE-listed mining investment company Mantengu Mining expects to report earnings a share and headline earnings a share of between 1c and 2c for the six months ended August 31.
That represents an increase of 105% to 125% year-on-year.
The company's chrome concentrate production has increased in recent months, from 6 354 t in March, to 9 203 t in July, 12 318 t in August and 14 335 t in September.
Mantengu in April terminated its contract miner at the Langpan chrome and platinum group metal operation, in Thabazimbi, Limpopo.
It has also invested about R81-million in new mining equipment for the mine, which achieved record production in July, August and September.
Further, Mantengu has managed to reduce its mining cost per tonne by more than 50% by internalising the mining function.
The company will publish its interim results on November 14.
Its share price on the JSE rose by more than 15% on the morning of October 24.
Edited by: Chanel de Bruyn
Creamer Media Senior Deputy Editor Online
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