African Rainbow Minerals
Wikipedia on Answers.com:
Top
African Rainbow Minerals
 |
|
| Type | Public (JSE: ARI) JSE Limited |
|---|---|
| Industry | Mining |
| Headquarters | Sandton, Johannesburg, South Africa |
| Number of locations | South Africa, Namibia, DRC, Zambia |
| Key people |
Patrice Motsepe (Chairman) |
| Products | Platinum, Ferrous Metals, Coal, Copper |
| Revenue |  R11.02 Billion (FY 2010)[1]:122 |
| Operating income | R2.92 Billion (FY 2010)[1] |
| Employees | 9643[2] |
| Website | www.arm.co.za |
African Rainbow Minerals is a mining company based in South Africa. Patrice Motsepe is chairman; André Wilkens is CEO.
ARM has interests in a wide range of mines, including platinum and platinum group metals (PGMs), iron, coal, copper, and gold.[3] ARM's Goedgevonden coalmine near Witbank is a flagship of their joint venture with Xstrata, and produces 6.7 million tons of coal per year.[4] Production is expanding at the Two Rivers platinum mine in Mpumalanga.[5] ARM owns Harmony Gold, a gold mining firm with three mining operations in South Africa.[6]
|
Contents
|
Expansion outside South Africa
In August 2010, ARM entered a $380 million joint venture with Vale to build a copper mine in Zambia, which is expected to produce 100,000 tons of copper.[7][8] In 2009, ARM was reported to be planning $1.12 billion investments in mining in Zimbabwe.[9][10] ARM also has a 50% stake in Morobe Mining Joint Ventures (MMJV) of Papua New Guinea. MMJV has operations in Hidden Valley and Wafi-Golpu in Morobe Province approximately 50 kilometers south-west of Lae, Papua New Guinea.
History
ARM was founded by Patrice Motsepe[11] as South Africa's first black-owned mining company, although he is thought to have benefited from political connections when the ANC took power and enacted laws on black ownership of industries.[12] The South African government continues to exert pressure to increase black ownership of mining companies.[13]
In 2009, ARM joined the International Council on Mining and Metals.[14]
External links
References
- ^ a b Profiles's Stock Exchange Handbook: October 2010-January 2011. Johannesburg, South Africa: Sasfin. 2010. pp. 400. ISSN 168000-36.
- ^ "FINANCIAL SUMMARY AND STATISTICS". 2009-10-23. http://www.arm.co.za/im/files/annual/2009/pdf/homepage/finsum.pdf. Retrieved 2010-09-13.
- ^ "Corporate Summary". 2009-10-23. http://www.arm.co.za/im/files/annual/2009/pdf/homepage/corporate_summary.pdf. Retrieved 2010-09-13.
- ^ "Goedgevonden mine to supply Eskom’s Majuba coal-fired plant". http://www.goldnewswire.net/goedgevonden-mine-to-supply-eskom%E2%80%99s-majuba-coal-fired-plant. Retrieved 2010-09-13.
- ^ "Two Rivers plant improvement on track". Mining Weekly. http://www.miningweekly.com/article/two-rivers-plant-improvement-on-track-2009-12-04. Retrieved 2010-09-13.
- ^ ARM company website, retrieved 3 February 2011
- ^ "allAfrica.com: South Africa: Arm in Copper Joint Venture in Zambia". 2010-09-13. Archived from the original on 1 September 2010. http://allafrica.com/stories/201008300224.html. Retrieved 2010-09-13.
- ^ "African Rainbow and Vale start construction on $380m Zambia mine". http://www.miningweekly.com/article/african-rainbow-and-vale-start-construction-on-380m-zambia-mine-2010-08-27. Retrieved 2010-09-13.
- ^ "African Rainbow Minerals, Allocate R8 Billion Mining Investment In Zimbabwe - Mineral Exploration - Mining Exploration News". http://paguntaka.org/2009/09/07/african-rainbow-minerals-allocate-r8-billion-mining-investment-in-zimbabwe/. Retrieved 2010-09-13.
- ^ "ARM to invest ZAR 8 billion in Zimbabwe". http://greatindaba.com/issue/september-2009-vol-8/article/arm-to-invest-zar-8-billion-in-zimbabwe. Retrieved 2010-09-13.
- ^ "African Rainbow Minerals - The African Business Journal". Archived from the original on 14 September 2010. http://www.tabj.co.za/africa_in_action/previous_aia/african_rainbow_minerals.html. Retrieved 2010-09-13.
- ^ "The Prince of Mines - Forbes.com". 2008-03-24. Archived from the original on 31 August 2010. http://www.forbes.com/forbes/2008/0324/088.html. Retrieved 2010-09-13.
- ^ "SA pushes mining firms for greater black ownership - Yahoo! News". Archived from the original on 18 September 2010. http://news.yahoo.com/s/afp/20100913/wl_africa_afp/safricaeconomymining. Retrieved 2010-09-13.[dead link]
- ^ "ICMM". http://www.icmm.com/page/15167/news-and-events/news/articles/african-rainbow-minerals-joins-the-international-council-on-mining-and-metals-. Retrieved 2010-09-13.
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
Related Videos:
Top
African Rainbow Minerals
Post a question - any question - to the WikiAnswers community:
Copyrights:
Wikipedia on Answers.com
This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article African Rainbow Minerals.
Read more