ARM leans on PGMs as coal, iron ore disappoint
AFRICAN Rainbow Minerals (ARM) benefited from a sharp recovery in its platinum business in its 2026 financial year, helping offset a swing into losses at coal and a steep decline…
Patrice Motsepe steps down as executive chair of ARM
PATRICE Motsepe has relinquished executive duties on the board of African Rainbow Minerals (ARM), the R46bn diversified mining group he helped found in 2002. Citing compliance…
Assmang brings curtain down on Beeshoek iron ore mine
AFRICAN Rainbow Minerals (ARM) announced its investment vehicle Assmang was putting the Beeshoek iron ore mine on care and maintenance resulting in the retrenchment of 622…
SA iron ore exports could face margin squeeze
A PILLAR of Kumba Iron Ore’s business case is that about two-thirds of its 35 to 37 million tons in annual production is sold as lumpy iron ore. Steelmakers pay a premium for…
ARM takes medicine after tough two years at Bokoni Platinum
AFRICAN Rainbow Mineral’s (ARM’s) attempt to breathe fresh life into Bokoni Platinum, a mine in South Africa’s Limpopo province, cost it dear in the 12 months ended June.…
ARM closes Cato Ridge, sells out of Sakura Ferroalloys
PATRICE Motsepe’s sprawling mining conglomerate, African Rainbow Minerals (ARM), has restructured manganese processing activities held through Assmang, with the closure of the…
Iron ore price slump to knock ARM interim earnings
THE decline in iron ore prices is expected to feature heavily in the interim results of African Rainbow Minerals (ARM) scheduled for March 7. This was after it said in a trading…
Assore takes investment in Gemfields to R477m after buying further lot of shares
ASSORE, the iron ore and manganese investment firm, has increased its stake in the UK-listed Gemfields to 12.7%. Gemfields said in a disclosure on Tuesday evening that Assore had…
Is Assore planning a move into PGMs after taking beachhead in Gemfields?
ASSORE, the iron ore investment company, has bought a 5% stake in Gemfields which mines and markets emeralds and rubies from Zambia and Mozambique, and has a 6.5% interest in…
Assmang declares force majeure on manganese exports owing to KZN protests
PROTESTS in South Africa’s KwaZulu-Natal province had led to privately-held manganese producer Assmang declaring a force majeure on exports, said Bloomberg News. Citing an email…