MMCZ Q1 Mineral Sales

Cumulatively, a total of 1,021,296 Mt valued at US$555,159 million was sold. Compared to the same period last year, where 883,301.09 mt valued at US$ 758,671.74 million were sold, sales increased in volume terms by 16% and decreased in value terms by 27%. The increase in volume is attributable to the increases in the export of coal (63%), coke (58%), chrome ore lumpy (53%), copper concentrates (117%), high carbon ferrochrome (25%), scrap (37%) and the coming on board of steel in Q1, 2025 compared to the same period last year. The decrease in value is attributable to a decrease in sales of the PGMs cluster. The significant contraction in both volume and value for PGM concentrate sales can be attributed to the delayed implementation Mimosa-ZIMPLATS toll processing arrangement. The toll processing arrangement for the Mimosa material is yet to commence. Conversely, the decline in matte exports, while less pronounced in value, was primarily due to a production shortfall at Unki, resulting from electricity supply challenges encountered during the third quarter of 2024. It is anticipated that there will be an improvement in export receipts in Q2, once the Mimosa/Zimplats toll processing arrangement is finalised. Top Mineral Sales by Volume The top five (5) revenue contributors for the period were: 1. PGMs Matte – 4,762(oz) sold at US$ 208.4 million 2. Spodumene – 244,414Mt sold at US$ 83.5 million 3. HCFC – 98,129Mt sold at US$ 73.4 million 4. Coke various sizes – 264,331Mt sold at US$ 51.8 million 5. PGMs Concentrates – 15, 250.8Mt sold at US$ 48.7 million Top Mineral Sales by Value