Diversified miner to bring four new mines into production by 2014

Diversified miner African Rainbow Minerals (ARM) will bring four new mines into production by 2014, as it continues its strong growth trajectory.

African Rainbow Minerals earnings up 24%

The half-year headline earnings of diversified miner African Rainbow Minerals (ARM) increased 24% to R1.94-billion in the six months to December 31. Cash generated from operations increased by 25% to R2.56 billion, compared with R2.05-billion for...

ARM to bring four new mines into production by 2014

Diversified miner African Rainbow Minerals (ARM) will bring four new mines into production by 2014, as it continues its strong growth trajectory. “We said in 2005 that we are going to double by 2010. We’ve achieved that. We’re growing...

Mining Indaba Schedule

Sustainable development takes centre stage at indaba

Devising a successful business strategy by addressing the environmental and social challenges faced by mining companies will be one of the main focus points for this year’s Investing in African Mining Indaba’s sustainable development segment.

Resources Watch

This week: Cost pressures are being felt throughout the mining sector, says Xstrata-Merafe. DRDGold is seeking the ‘right’ investors for the Blyvoor mine. And, ARM earmarks R10-billion for growth.

ARM FY earnings surge to R3.3bn

Diversified miner African Rainbow Minerals (ARM) saw a surge in earnings during its 2011 financial year and said that it intended to spend R10-billion up to 2014 to ensure further growth. The miner, which has an interest in iron-ore, platinum,...

Council promotes corporate social responsibility

The International Council on Mining and Metals (ICMM) will be co-hosting a corporate social responsibility (CSR) day at the Mining Indaba 2011, to be held in Cape Town, from February 7 to 10.

Arm earmarks R9,5bn for growth projects over three years

South Africa-based diversified miner African Rainbow Minerals (Arm) plans to invest a further R9,5-billion in growth projects over the next three years, chairperson Patrice Motsepe said on Monday. He highlighted during a presentation of the...

African Rainbow FY earnings down 26% to R1,7bn

JSE-listed African Rainbow Minerals (Arm) on Monday reported a 26% drop in full-year headline earnings to R1,7-billion, down on the R2,3-billion earned the year before. The diversified miner, led by CEO André Wilkens, noted that the drop in...

African Rainbow, Vale start building $380m Zambia copper mine

Konnoco Zambia, the joint-venture (JV) company owned by South Africa-based African Rainbow Minerals (Arm) and Brazilian miner Vale, has started construction on the $380-million Konkola North copper mine project. The JV partners on Friday...

Shareholder threatens to quit ARM over Motsepe's nationalisation prevarication

A shareholder on Monday publicly threatened to divest from diversified miner African Rainbow Minerals (ARM) after its executive chairperson Patrice Motsepe prevaricated on the issue of the nationalisation of South African mines and indigenisation...