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African Rainbow Minerals
Mining company based in South Africa
Mining company based in South Africa
| Field | Value |
|---|---|
| name | African Rainbow Minerals Limited |
| logo | African_Rainbow_Minerals_logo.svg |
| type | Public |
| traded_as | |
| location_city | Sandton, Johannesburg |
| location_country | South Africa |
| locations | South Africa, DRC, Zambia |
| key_people | Patrice Motsepe (Chairman) |
| industry | Mining |
| products | PGMs, Ferrous Metals, Coal, Copper |
| revenue | R9.6 Billion (FY 2017) |
| operating_income | R3.475 Billion (FY 2017) |
| net_income | R1.432 Billion (FY 2017) |
| assets | R26.388 Billion (FY 2017) |
| equity | R24.04 Billion (FY 2017) |
| num_employees | 24,016 (includes contractors) |
| homepage | www.arm.co.za |
Phillip Tobias (CEO)
Tsundzukani Mhlanga (CFO) Thando Mkatshana (CE)
African Rainbow Minerals Limited is a mining company based in South Africa. ARM has interests in a wide range of mines, including platinum and platinum group metals (PGMs), iron, coal, copper, and gold.{{cite web |archive-date=2011-10-09 |archive-url=https://web.archive.org/web/20111009154447/http://www.arm.co.za/im/files/annual/2009/pdf/homepage/corporate_summary.pdf |url-status=dead |archive-url=https://web.archive.org/web/20110723135701/http://www.goldnewswire.net/goedgevonden-mine-to-supply-eskom%E2%80%99s-majuba-coal-fired-plant |archive-date=2011-07-23 |url-status=dead
History
ARM was founded by Patrice Motsepe{{cite web|url=http://www.tabj.co.za/africa_in_action/previous_aia/african_rainbow_minerals.html |url-status=dead
In 2003 ARMGold entered a merger with Harmony Gold Mining and Anglovaal, previously owned by Richard and Brian Menell, and became the largest group controlled by black entrepreneurs. The 2003 ARMGold merger with Harmony Gold Mining formed the world’s 5th largest gold producer. The ARMGold merger with Anglovaal Mining (Avmin) came after.
In 2009, ARM joined the International Council on Mining and Metals.{{cite web |archive-url=https://web.archive.org/web/20100107033403/http://www.icmm.com/page/15167/news-and-events/news/articles/african-rainbow-minerals-joins-the-international-council-on-mining-and-metals- |archive-date=2010-01-07 |url-status=dead |url-status=dead |url-status=dead
References
References
- (24 April 2018). "African Rainbow Minerals Integrated Annual Report 2017". African Rainbow Minerals.
- "Two Rivers plant improvement on track". Mining Weekly.
- [http://www.arm.co.za/ ARM company website], retrieved 3 February 2011
- "African Rainbow Minerals Ltd (ARIJ.J) People".
- (1 January 2016). "The History of Geophysics in Southern Africa". African Sun Media.
- Creamer, Terence. "Harmony-ARMGold to merge to form world's fifth biggest gold producer". Mining Weekly.
- "Business Day".
- "African Rainbow Minerals to cut jobs as profits halve". Fin24.
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