Arm has interests in a wide range of mines, including platinum and platinum group metals pgms, iron, coal, copper, and gold. Motsepe formed african rainbow minerals arm in 1997 and acquired a number of marginal shafts at vaal reefs in january 1998 on favourable financial terms, followed by the purchase of other marginal shafts owned by anglogold in the free state. The leeuwkop project and contiguous prospecting areas of afplats are situated west of pretoria, in north west province. He has served in the following companies as a senior tax consultant, legal advisor, executive or director. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and companys longterm solvency. Assore and african rainbow minerals arm moved up, with. Patrice motsepe launches motsepe foundation to aid poor. African rainbow minerals limited arm is a leading diversified south african mining company with excellent longlife, lowcost operating assets in key commodities. The founder and executive chairman of african rainbow minerals arm, patrice motsepe today announced that the motsepe family, will contribute at least half of the funds generated by our family assets to the motsepe foundation to be used during his lifetime and beyond and that of his wife, precious motsepe, to improve the lifestyles and living. He is the founder and executive chairman of african rainbow minerals, which has interests in gold, ferrous metals, base metals, and platinum. Patrice motsepe biography, age, family, wife, children, net. Your remaining disposable income is greater than your expenses, this means you still have money left at the end of the month. Formerly anglovaal mining, arm operates the modikwa and two rivers platinum mines, among others. The south african mining company has a 50% holding in assmang limited, which mines ferrous metals including iron, manganese, and chrome ore.
Arm subsidiary teal houses arms nonsouth african exploration portfolio. Bhp billiton limited over 6 projects currently listed on africa mining iq. Arm is involved with mining manganese ore, iron ore, chrome ore, pgms, coal, nickel and copper, and with producing chrome and manganese alloys. African rainbow minerals arm was founded in 2004 as south africas first blackowned mining company. African rainbow minerals arm mines for coal, copper, gold, platinum, and ferrous minerals. A joint venture of nornickel and african rainbow mine go to the glossary rals, nkomati is the only south african producer of nickel concentrate located 300 km east of johannesburg. South africa is richly endowed with mineral resources, and produces more than 30 metal and mineral products. Administration and contact details african rainbow minerals. Investors in aggregate saw a decrease in dividends and market capitalisation after a cautiously optimistic view on a recovery last. Arm mines iron ore, manganese ore and alloys, chrome ore and. African rainbow minerals is a south africas first blackowned mining company based in johannesburg south africa.
African rainbow capital to raise r4bn by listing assets on jse in september. Apr 03, 2020 which he draws through mining interests that eventually expanded in 2004 to form a successful multifaceted mining company, african rainbow minerals arm. Our business strategy depends on our ability to attract, develop and retain the. African rainbow minerals is a leading south african diversified mining and minerals company, with worldclass longlife, low unit cost assets. African rainbow minerals over 14 projects currently listed on africa mining iq. The company mines and beneficiates iron ore, manganese ore and alloys, chrome ore and alloys, platinum group metals, copper, nickel and coal. African rainbow minerals limited arm is a niche, diversified south african mining company with excellent longlife, lowcost operating assets in key commodities. African rainbow minerals mining companies in africa. As such two rivers complies with the bee equity component of the mining charter while all other aspects of the charter are dealt with at an operational level. African rainbow minerals arm is a leading diversified south african mining and minerals company with longlife, low unit cost operations and significant growth opportunities. African rainbow minerals limited is a mining company based in south africa.
Chapters 3, 4 and 5 of the national development plan ndp detail a vision for south africa in which a responsible mining sector prioritises the welfare of its. Changes to the board african rainbow minerals limited incorporated in the republic of south africa registration number 193300458006 jse share code. The groups principal investment is a 50% interest in assmang limited assmang which it controls jointly with african rainbow minerals limited arm. African rainbow minerals in south africa company mining. African rainbow minerals limited announces changes to the board of directors. Solutions that make our customers lives easier, while demonstrating our promise to service excellence and entrepreneurial culture. Other articles where african rainbow minerals is discussed.
African rainbow minerals ltd randburg flowers and gifts. The founder and executive chairman of african rainbow minerals arm, patrice motsepe today announced that the motsepe family, will contribute at least half of the funds generated by our family assets to the motsepe foundation to be used during his lifetime and beyond and that of his wife, precious motsepe, to improve the. Johannesburg including stock price, stock chart, company news, key statistics, fundamentals and company profile. African rainbow minerals limited arm is a mining and minerals company. Ari african rainbow minerals limited changes to the. The regulatory landscape in africa 20 south africa mining charter 21 south africa diesel refund scheme 22 tanzania the impact of regulatory changes 26 drc new mining code upsetting miners 27. Diamonds 9 projects get key contact information of over 25 arm mine owners, project engineers and suppliers. Patrice tlhopane motsepe, a south african mining magnate, deputy chairman of. Please contact your afrifocus portfolio manager for more details regards afrifocus personal wealth technical analysis.
The company also has shares in harmony mines through which it has gold investments. The group, through its various joint venture entities and subsidiary companies, is involved in the mining of manganese, iron and chrome ores together with other industrial minerals and the. About african rainbow mineralsafrican rainbow minerals arm is a mining company based in south africa. Nkomatis performance is reflected in nornickels financial results using a proportional consolidation method based on its 50% ownership. African rainbow capital arc, the investment company mining magnate patrice motsepe launched in 2016, will list some of its assets on the main board of the jse in september, raising about r4bn in the process. African rainbow capital arc, the investment company mining magnate patrice motsepe launched in 2016, will list some of its assets on the main board of the jse. Patrice tlhopane motsepe born 28 january 1962 is a south african mining businessman and billionaire of pedi descent. Visit website request informationquote download pdf copy. African exploration mining and finance corporation aemfc. Motsepe then earned a bachelors degree in law from the university of swaziland and a law degree from the university of the witwatersrand, johannesburg. It has huge potential regarding mineral reserves, exploration and production. Zae000054045 arm or the company changes to the board in terms of paragraph 3.
Arms goedgevonden coalmine near witbank is a flagship of their joint venture with xstrata, and produces 6. Ari african rainbow minerals limited changes to the board. Sa mine 2018 10th edition highlighting trends in the south african mining industry. The operation subscribes to the transformation of south african. Arm owns ferrous and base metals, platinum and coal operations and holds a significant interest in the gold mining sector through its shareholding in harmony. African rainbow minerals arm is a leading south african diversified mining and minerals company with longlife, low unit cost operations and significant growth opportunities. All the information you need about mining in africa. African rainbow minerals limited arm is a niche, diversified south african mining. Johannesburg stock quote african rainbow minerals ltd. African rainbow minerals limited arm, is located southwest of burgersfort in the province of mpumalanga.
African rainbow minerals arm is a top south african mining and minerals company. You would be able to ask questions via the webcast and telephone line. On 3 may 2018, african rainbow minerals, anglo american sa, anglogold ashanti, gold fields, harmony and sibanye stillwater reached a settlement with attorneys who represent claimants in the silicosis and tuberculosis tb class action litigation. Production is expanding at the two rivers platinum. Incorporated in the republic of south africa jse share code. Stock analysis for african rainbow minerals ltd ari. African rainbow minerals vacancies careers jobs in south africa. Assore limited assore is a mining holding company principally engaged in ventures involving base minerals and metals. He sits on several company boards, including being the nonexecutive chairman of. Mineral resources and energy south african government.
Africa is a hive of activity for companies dealing in mining and natural resource exploration. Arm house 29 impala road chislehurston sandton 2196. Means consistently being there for our clients and our communities to support and guide. The list of businesses operating on the continent within this industry is extensive and fastgrowing. African rainbow minerals arm is a leading south african diversified mining and. Mar 26, 2015 african rainbow minerals is a leading south african diversified mining and minerals company, with worldclass longlife, low unit cost assets. Operating from the cape to cairo, and from ghana to sudan, these mining companies in africa include the most prestigious multinational conglomerates. African rainbow minerals south african company britannica. Bluespec is a holding company comprised of a number of specialist businesses. African rainbow minerals arm appeared on the sri index in 2004, and. African rainbow capital arc, the investment company mining magnate patrice. Dan simelane has over 15 years of experience in the mining industry.
Which he draws through mining interests that eventually expanded in 2004 to form a successful multifaceted mining company, african rainbow minerals arm. African rainbow minerals arm ltd extractive industries. Please print and return the completed form, together with the substantiating documentation. Patrice motsepe is the executive chairman, founder and mike schmidt is ceo. African rainbow minerals ltd company profile sandton.
Patrice tlhopane motsepe, a south african mining magnate, deputy chairman of sanlam, owner of football club. Today hes the biggest single shareholder of the worlds fifthlargest gold mining company. Mineral resource and mineral reserve statement 2008. It also ha s an investment in gold through its shareholding in harmony gold mining company limited. African rainbow minerals ltd sandton phone 011 779 1. Mr mike schmidt chief executive officer african rainbow minerals. African rainbow minerals integrated annual report 2017 pdf. Ari jse ari share price, pe, sector peers, directors, sens news and share price charts and comparisons on.
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