African Rainbow Minerals to cut jobs as profits halve

2016-03-13 11:17

Diversified mining group African Rainbow Minerals says its profit has halved due to sharply softer commodity prices, prompting layoffs and cost cuts to stay afloat.

Assore buys ARM's stake in chrome mine

2015-06-25 10:51

Iron ore producer Assore has bought out African Rainbow Minerals' 50% stake in the country's Dwarsrivier chrome mine.

Afrikaans business people inspire Motsepe

2015-06-05 07:59

Patrice Motsepe says the way Afrikaans business people intertwined their own success with their own communities should be broadened throughout South Africa.

ARM earnings more than halve on weak prices

2015-03-16 14:16

Mining group African Rainbow Minerals says its earnings have fallen by more than 50% due to lower prices for commodities such as iron ore and platinum.

African Rainbow Minerals profits halved

2013-09-02 09:56

African Rainbow Minerals says its full-year earnings rose by 7% but profit halved after it took a R2bn hit on its investment in Harmony Gold.

Solidarity takes on mining group

2013-04-19 19:08

Trade union Solidarity has set court action in motion to prevent mining firms Assmang and African Rainbow Minerals from terminating its recognition agreement.

Motsepes to donate half their billions

2013-01-30 12:20

Mining magnet Patrice Motsepe and his family are giving half the funds generated from assets owned by the family to the Motsepe Foundation.

Strike looms at Nkomati mine

2012-07-19 12:46

The National Union of Mineworkers has declared a dispute with African Rainbow Minerals' joint venture Nkomati mine and is threatening to strike.

Absa Capital downgrades Anglo, others

2012-04-02 13:03

Absa Capital has downgraded Anglo American on its inability to unbundle its platinum unit and ArcelorMittal SA and others on the strength of the rand.

Motsepe is SA's richest man

2011-09-04 11:44

Mining magnate Patrice Motsepe has topped the annual Sunday Times Rich List for the first time, the newspaper reports.


Motsepe: Mining sector will overcome difficult times

2015-07-12 12:00

SA can overcome its mining industry challenges, as long as global shareholders look at it as a competitive and a good industry to invest in, says Patrice Motsepe.

Billionaire Motsepe upbeat about gold

2015-06-05 14:13

African Rainbow Minerals, owned by billionaire Patrice Motsepe, will keep its stake in Harmony Gold even as SA’s third-biggest miner of the metal trades at 17-year lows.

ARM may cut jobs over weak metal prices

2015-03-16 17:33

African Rainbow Minerals, which was founded and now chaired by billionaire Patrice Motsepe, says it could cut jobs after weak metal prices ate into earnings.

African Rainbow Minerals' earnings climb

2014-09-05 15:37

African Rainbow Minerals, founded by billionaire Patrice Motsepe, has reported a 10% rise in headline earnings for the year ended June 30.

Silicosis lawsuit consolidation sought

2013-08-23 17:09

Lawyers for three separate class actions against gold mining companies have applied to the South Gauteng High Court to have the cases consolidated.

African Rainbow Minerals profit falls

2013-02-26 08:19

Diversified miner African Rainbow Minerals says its first-half earnings has dropped by a third, hurt by a fall in iron ore prices and by rising costs.

Slight earnings increase for ARM

2012-09-03 09:43

Diversified miner African Rainbow Minerals has posted a slight increase in full-year earnings, boosted by higher sales across most of its commodities.

Anglo's struggle showcases platinum woes

2012-05-17 14:58

Miner Anglo American has made its platinum business a priority and admits it is underperforming in the face of high costs, safety stoppages and low demand.

ARM earnings lifted by sales

2012-02-27 08:34

Diversified mining group African Rainbow Minerals, says its earnings increased by 24% as sales volumes for all of its key commodities rose.

Motsepe: Nationalisation does not work

2011-09-01 07:53

Nationalisation would not be debated in any developed country because of repeated experience that it does not work, says mining magnate Patrice Motsepe.

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