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ARM appoints two nonexecutive directors

By: Martin Creamer     11th October 2017 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. 

Resources Watch  

     13th September 2017 Acid mine water used to recover gold from dumps; and, South African mining must be made globally competitive, says Motsepe 

Demand for quality metals amplifying – ARM 

By: Martin Creamer     11th September 2017 Global climate change mitigation is amplifying the demand for good quality, low-impurity metals, which are being rewarded with high price premiums. There is a huge drive in China towards better quality, which will eventually use less energy and cause less pollution. (Also watch attached Creamer... 

South African mining must be made globally competitive – Motsepe 

By: Martin Creamer     7th September 2017 All South Africans need to work together to ensure that the South African mining industry is a globally competitive investment destination, said African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe on Thursday, when he declared the black-controlled company’s highest-ever dividend.... 

ARC Investments lists on JSE

By: Anine Kilian     7th September 2017 Investment company African Rainbow Capital (ARC) Investments on Thursday listed on the speciality finance sector on the main board of the JSE, with shares opening trade at R8.68 apiece. The listing reflects the progress of transformation in the financial services sector, said JSE Capital Markets... 

African Rainbow Minerals dividend payout soars to record level

By: Martin Creamer     7th September 2017 Diversified mining company African Rainbow Minerals (ARM), which saw its headline earnings soar in the 12 months to June 30, has catapulted its dividend to heady heights. The 189%-higher dividend of 650 cents a share is ARM’s highest dividend to date and the eleventh consecutive yearly dividend... 

Platinum drop fires social unrest as villagers turn on mines

By: Bloomberg     13th June 2017 More platinum wealth lies beneath South African soil than anywhere else on Earth, and for decades the companies that extracted the precious metal promised to help improve the lives of the impoverished people who live above their mines. Those communities are getting tired of waiting.... 

ARM appoints new FD as Arnold set to retire

By: Megan van Wyngaardt     12th June 2017 Mike Arnold will retire as FD of African Rainbow Minerals (ARM) on December 10, after eight years in the role. In the months to come, he will work with his successor Abigail Mukhuba, to ensure a smooth handover process. 

On-The-Air (21/04/2017) 

By: Martin Creamer     21st April 2017 A new gold project being fast-tracked following the successful raising of capital in London and Johannesburg; A new aspirant mining champion has stepped up to the plate with a R2.3-billion debut deal and Money is being raised to revive a once thriving copper-mining area in the Northern Cape. 

Wits to bestow honorary doctorate on Patrice Motsepe

By: African News Agency      31st March 2017 Philanthropist and business leader Patrice Motsepe will on Friday receive an Honorary Doctorate in Commerce from the University of the Witwatersrand (Wits) for his achievements in business and contributions to society. “Motsepe graduated with an LLB from the University in 1988. He also holds a... 

Resources Watch  

     23rd March 2017 'Irrational' uranium prices making life tough, even for world-class juniors; IDC supporting entry of superior platinum processing route; and ARM’s Motsepe says take community engagement seriously 

On-The-Air (17/03/2017) 

By: Martin Creamer     17th March 2017 Business leader Patrice Motsepe yesterday gave a stern warning to the mining industry to take mining communities extremely seriously; The State-owned IDC is supporting a new low-cost, low-energy technology that could be a massive cost saver for struggling platinum mines; and the Canadians this... 

Take community engagement seriously, ARM’s Motsepe advises 

By: Martin Creamer     16th March 2017 The South African mining industry must take community engagement extremely seriously to prevent this country’s global competitiveness from being negatively impacted, African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe urged on Thursday. Speaking at question time after ARM... 

Impairments drag ARM into narrowed loss

By: Martin Creamer     16th March 2017 Diversified mining company African Rainbow Minerals (ARM) on Thursday reported a narrowed basic earnings loss of R254-million in the six months to December 31. The loss resulted mainly from attributable impairments of the Nkomati nickel and Modikwa platinum mines totalling R1.4-billion after tax... 

Ramaphosa concludes ‘productive’ visit to Davos

By: African News Agency      20th January 2017 South Africa Deputy President Cyril Ramaphosa has concluded his visit to the World Economic Forum (WEF) annual meeting in Davos-Klosters, Switzerland, where he delivered the message that South Africa was hard at work and remained open for business. A statement from his office on Friday said... 

Ramaphosa says South Africa has done well to survive a turbulent 2016

By: African News Agency      17th January 2017 South African Deputy President Cyril Ramaphosa sought to deliver a message of hope as he addressed the country delegation at the World Economic Forum in Davos, Switzerland, on Tuesday. Likening 2016 to the flight over to Switzerland, Ramaphosa said there had been turbulence but South Africa had... 

On-The-Air (02/12/2016) 

By: Martin Creamer     2nd December 2016 Patrice Motsepe’s new bank is helping to fund a brand new mine being built in the Western Cape. The platinum price has plunged so low that many platinum mines have fallen into the red; and a top-level discussion on fuel cells to is due to take place at the CSIR next Friday. 

Botswana pulls out of $279m Norilsk Nickel mine deal

By: Bloomberg     11th October 2016 Botswana withdrew its decision to buy a 50% stake in South Africa’s Nkomati mine from OAO GMK Norilsk Nickel because it can’t afford the price tag of just under P3-billion ($279-million). “The kind of situation we are in, where’s that money going to come from,” Khaulani Fichani, chairman of... 

Motsepe’s ARC buys 18% stake in Afrimat

By: Anine Kilian     23rd September 2016 African Rainbow Capital (ARC), which is owned by billionaire businessperson Patrice Motsepe, has bought an 18.36% stake in JSE-listed Afrimat. “Afrimat is of the view that this will create a long-term and sustainable black economic empowerment partner with certainty around shareholding which will... 

Assmang investigates sexual harassment complaint against Black Rock Mine manager

By: African News Agency      22nd September 2016 Black Rock Mine on Wednesday said it was investigating an internal complaint of sexual harassment involving a manager and a female employee. The investigation was initiated after the National Union of Mineworkers (NUM) reported the matter to senior management last week. NUM said the alleged... 

Resources Watch 

     15th September 2016 Chamber sees people-centred mine modernisation as major boost for economy; Master Drilling secures healthy pipeline of projects, despite challenges; And, globally competitive mining legislation critically important 

ARM keen to do more in platinum  

By: Martin Creamer     9th September 2016 Diversified mining company African Rainbow Minerals (ARM), which has reached agreement to increase its holding in the Two Rivers platinum mine to 54%, is keen on enlarging its overall platinum base still further. The Two Rivers mine on the eastern limb of the Bushveld Complex achieved record... 

Globally competitive mining legislation critically important – Motsepe 

By: Martin Creamer     8th September 2016 Globally competitive mining legislation is critically important for South Africa, African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe said on Thursday when he gave his full backing to the “once empowered, always empowered” principle currently the subject of negotiation between... 

ARM pays lower dividend as earnings plummet

By: Martin Creamer     8th September 2016 The headline earnings of diversified mining company African Rainbow Minerals (ARM) decreased 40% to R1 051-million in the 12 months to June 30. Earnings a share were 494c, compared to 803c last financial year. 

Assore earnings down on global iron-ore, manganese oversupply

By: Martin Creamer     7th September 2016 Base mineral and metals mining company Assore, which released financial results for the 12 months to June 30 on Wednesday, reported 11.7% lower headline earnings to R1.7-billion for the financial year. The Johannesburg Stock Exchange-listed company, chaired by Des Sacco, reported a poor ongoing... 

On-The-Air (13/06/2016) 

By: Martin Creamer     13th May 2016 A row is brewing over of water meant for Gauteng being extracted from the Sterkfontein dam and not replaced as promised. A brace of marketing thrusts has seen platinum break out of its low-price straightjacket. Patrice Motsepe’s African Rainbow Minerals this week commissioned a major... 

Patrice Motsepe launches new investment firm

By: News24Wire      15th April 2016 Billionaire Patrice Motsepe, along with two former Sanlam veterans, have officially launched a new money management firm called African Rainbow Capital (ARC). Motsepe, who is chairperson of ARC, together with joint chief executive officers Dr Johan van Zyl and Johan van der Merwe, unveiled the... 

Resources Watch 

     24th March 2016 This week: Motsepe calls on South Africans to come together to boost economy And, latest power tariff rise to nullify benefit of 2015 cost-cutting 

On-The-Air (18/03/2016) 

By: Martin Creamer     18th March 2016 African Rainbow Minerals head Patrice Motsepe this week urged South Africans to come together to boost this country’s struggling economy. Coal head David Brown called for a debate in South Africa around the need for government and business to work collaboratively. The share values of... 

Motsepe spells out difficulty of retaining mandatory BEE ownership in perpetuity  

By: Martin Creamer     16th March 2016 The difficulty companies have in preventing their mandatory black economic empowerment (BEE) ownership arrangements from unravelling when BEE shareholders sell out is highlighted by top South African business leader Patrice Motsepe’s personal experience of BEE undoing within his diversified... 

Motsepe calls on South Africans to come together to boost economy  

By: Martin Creamer     11th March 2016 Top South African business leader Patrice Motsepe on Friday made an impassioned plea to all South Africans, irrespective of political affiliation, to close ranks and focus on building an economy that is sufficiently strong to benefit the country’s entire population. Speaking at the presentation... 

Motsepe Foundation provides R117m for schools sport, culture programmes 

By: David Oliveira     25th November 2015 The Motsepe Foundation has committed about R117.5-million to the Department of Basic Education (DBE) for sports and music development at schools across South Africa. Basic Education Minister Angie Motshekga received the donation from the foundation’s cofounder and JSE-listed mining firm African... 

Harmony names former COO Steenkamp CEO

By: Natalie Greve     9th November 2015 Following a four-month headhunt prompted by the retirement of company head Graham Briggs, Harmony Gold Mining has appointed its former COO and current Sasol Mining senior VP Peter Steenkamp as CEO, effective January 1. “The board is very happy to welcome Peter back to Harmony. He worked for... 

Kostas Rontiris

By: Martin Zhuwakinyu     6th November 2015 This week we feature Kostas Rontiris, CEO of SMEC South Africa, a multidisciplinary consulting engineering company 

Capital Appreciation to list on the JSE main board as a SPAC

     28th September 2015 Capital Appreciation (JSE share code to be CTA) will today commence a private placement offering process to qualifying and invited investors, with the intention of listing as a Special Purpose Acquisition Company in the Specialty Finance sector on the Main Board of the securities exchange... 

ARM declares dividend, despite copper price blow, Lubambe trials 

By: Megan van Wyngaardt     4th September 2015 Despite the unfavourable copper price faced by diversified miner African Rainbow Minerals (ARM), the company has resolved to remain profitable, declaring a dividend for the year ended June 30, albeit a drop to 350c a share from the 600c a share reported in 2014. At ARM’s annual results... 

Briggs to retire as Harmony CEO

By: Creamer Media Reporter      16th July 2015 Graham Briggs will retire as Harmony Gold CEO. He worked at the gold company for 20 years and was appointed CEO in 2008. Harmony chairperson Patrice Motsepe extended to Briggs the well wishes of the board, adding that “it has been a privilege to work with Graham and we wish to thank him for the... 

Mining industry will overcome difficult times, says Motsepe

By: News24Wire      13th July 2015 South Africa can overcome its mining industry challenges, as long as global shareholders look at it as a competitive and a good industry to invest in, according to African Rainbow Minerals executive chairperson Patrice Motsepe. Speaking on CNN Marketplace Africa, Motsepe said the mining industry... 

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