bold spirit - ArcelorMittal South Africa

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48 ArcelorMittal South Africa Annual Report 2010 Operational review continued Coke and Chemicals
49 ArcelorMittal South Africa Annual Report 2010 Net operating profit– Coke and Chemicals (Rm) 184 727 1 743 449 985 2006 2007 2008 2009 2010 Our Coke and Chemicals segment produces commercial coke for the ferroalloy industry from coke batteries located in Pretoria and Newcastle Works, as well as from excess capacity at Vanderbijlpark and Newcastle Works when available. We also process and beneficiate metallurgical and steel by-products, including coal tar. Economic recovery mainly in the ferroalloy industry contributed positively to the performance figures for the year under review. Revenue increased from R1 653 million in 2009 to R2 449 million in 2010, with net operating income increasing from R449 million in 2009 to R985 million in 2010. Market conditions Market conditions for commercial coke were much improved from the Operational results Year ended 31 December 2010 2009 Revenue (Rm) 2 449 1 653 EBITDA 1 029 556 Net operating income (Rm) 985 449 Capital expenditure (Rm) 29 9 Sales volumes (’000 t) 1 642 1 385 – Coke 630 433 – Tar 125 111 – Other 887 851 Number of employees 241 250 depressed situation experienced in 2009, with both demand and prices increasing to reasonable levels. Availability of commercial coke for sale was unfortunately limited by the higher demand for metallurgical coke from our steel making operations. Capital expenditure In 2010 Coke and Chemicals spent R29 million. The main focus of the capital expenditure programme was addressing safety, maintenance and environmental projects.
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Annual Report 2010 bold spirit
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I in brief
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Brand values Our goal is to provide
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bold spirit - ArcelorMittal South Africa

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