https://www.engineeringnews.co.za

ARM appoints two nonexecutive directors

David Noko

Jan Steenkamp

Photo by Duane Daws

11th October 2017

By: Martin Creamer

Creamer Media Editor

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Diversified mining company African Rainbow Minerals (ARM) on Wednesday announced the appointment of two new nonexecutive directors.

They are David Noko, who has been appointed as an independent nonexecutive director, and Jan Steenkamp, who has been appointed as a nonexecutive director.

Noko, a former MD of De Beers Consolidated Mines, serves on the boards of many companies, and Steenkamp is the former CE of ARM Ferrous.

Headed by executive chairperson Patrice Motsepe, ARM mines and beneficiates iron-ore, manganese ore, chrome ore, platinum-group metals, copper, nickel and coal, and produces manganese alloys. It also has an investment in gold through its shareholding in Harmony Gold.

ARM last month reported a 189%-higher dividend of 650c a share, which is the company’s highest dividend to date and its eleventh consecutive yearly dividend declaration.

ARM CEO Mike Schmidt emphasised to Mining Weekly Online at last month’s presentation of company results that environmental controls in China and efficiency objectives at Chinese steel mills, have resulted in a notable increase in premiums being paid on products that ARM produces, with higher levels of crude steel production resulting in a marked improvement in manganese ore prices.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.087 0.143s - 156pq - 2rq
Subscribe Now