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African Rainbow Minerals FY HEPS 27.18 Rand
African Rainbow Minerals Says Nkomati Mine To Be Placed On Care & Maintenance
African Rainbow Minerals Says HY HEPS 1 149 Cents
African Rainbow Minerals Limited (ARM) is a mining and minerals company. The Company mines and beneficiates iron ore, manganese ore and alloys, chrome ore and alloys, platinum group metals, copper, nickel and coal. It also has an investment in gold through its shareholding in Harmony Gold Mining Company Limited. Its segments include ARM Platinum, ARM Ferrous, ARM Coal, ARM Copper and ARM Corporate. The ARM Platinum segment consists of over three operating mines, such as Modikwa, Two Rivers and Nkomati. The ARM Ferrous operations, through its investment in Assmang Proprietary Limited, consist of three divisions: iron ore, manganese and chrome. The ARM Coal segment includes Goedgevonden Coal Mine. The ARM Copper segment holds the Lubambe Copper Project and Lubambe Extension Area. The ARM Corporate segment includes ARM Strategic Services and Exploration, Corporate and other, and Gold. Its geographical segments include South Africa, Europe, Americas, Far and Middle East, Zambia and Other.
ARM House, 29 Impala Road, Chislehurston
Patrice T. Motsepe
Executive Chairman of the Board
Michael P. Schmidt
Chief Executive Officer, Executive Director
Chief Financial Officer, Finance Director, Executive Director
Chief Executive - ARM Platinum and ARM Coal, Executive Director
Andre Willem Joubert
Chief Executive - ARM Ferrous
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South African diversified miner African Rainbow Minerals (ARM) said on Friday it would reduce production at its loss-making Nkomati mine in preparation for closure.
African Rainbow Minerals (ARM) said on Friday full-year profit surged 50 percent, lifted by gains from debt restructuring in its coal division and higher commodity prices.
* PARTIES CONCLUDED RESTRUCTURING OF DEBT OF R3.98 BILLION OWED BY ARM AND ARM COAL TO GOSA AT 30 JUNE 2017
South African miner African Rainbow Minerals <ARIJ.J> dropped KPMG as its auditor on Monday, joining a host of other local companies breaking ties with the firm caught up in an influence-peddling scandal.
* TERMINATES INTERNAL AUDIT AND OTHER SERVICES WITH KPMG SOUTH AFRICA (KPMG)
Full-year profit at African Rainbow Minerals rose 166 percent on the back of higher commodity prices, the company said on Thursday, declaring its 11th consecutive annual dividend.
Private equity house EMR Capital has purchased an 80 percent stake in a Zambian copper mine from African Rainbow Minerals <ARIJ.J> (ARM) and its partner for $97.10 million, ARM said on Tuesday.
* DISPOSAL OF ARM'S INDIRECT INTEREST IN LUBAMBE COPPER MINE
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.