Johannesburg – The share price of African Rainbow Minerals (ARM) climbed over 11% on Thursday after the group reported headline earnings had grown 234% to over R1.6bn. This is attributed to the ARM Ferrous division and the Two Rivers Platinum Mine.
The shares were changing hands 11.46% higher at R105.26 minutes before trading on the JSE closed. This is still far off the R216-peak it reached in January 2014.
ARM, headed by executive chairperson Patrice Motsepe, however posted a loss of R283m for the six months ended December 31.