The Department of Mineral Resources recent moratorium on all new applications for prospecting permits threat purchase new clay ceramic industry licensing schemes. It intends to invest hundreds of millions of Rand in new project.Ceramic head Nick Booth, the company said yesterday the DMR relationship the other side "of the company and mining applications," said Frost had a direct impact on the Group's ability to secure new sources of clay.

The group specializes in the construction of another plant of large format Chinese Tiles looking Bathroom Tiles, but Booth said it was because the company had to work the raw material would not be worth your time.

Ceramics yet mining license applications with the new DMR.Ceramics industry is currently operating permits conversion from old to new order. "The operating license that would give us confidence that we reserve the tone of having to make new investments," said Booth.

Consolidated sales of tiles and sanitary combined sales rose 11.2 percent to R1.6 billion.

Income derived from the improvement of tiles from 13.1 percent to R1.3bn, with increased average sales prices by 5 percent in the last 12 months.

While revenue from its plants in sanitation, Betta Aquarium and only slightly increased by 0.6 percent to R223.2m, was an improvement over the decline of 10 percent last year.

"We want to see a turnaround of one year. Until then, it should be a demand for housing and changes in interest rates is flat or down," said Booth.

Ceramic hand closed 4.2 percent to R125.