Nornickel offloads 50% stake in Nkomati mine to ARM
Nornickel's South African subsidiary, Norilsk Nickel Africa Proprietary Limited (NNAf), has entered into an agreement to sell its 50% interest in the Nkomati nickel mine joint venture to...
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African Rainbow Minerals News & Analysis
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ARM to acquire stake in Nkomati mine for R1 million
African Rainbow Minerals (JO:ARIJ) (JSE:ARI) has agreed to purchase a stake in the Nkomati nickel mine, committing R1 million to buy out a fellow palladium miner's interest. The deal also...
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HSBC maintains African Rainbow Minerals at Buy, PT $265.00
A HSBC analyst maintained African Rainbow Minerals (JO: ARIJ) at Buy and a price target of $265.00 from a prior price target of ZAR280.00. Prior to this rating, African Rainbow Minerals...
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Can ARM extract some life out of Bokoni Platinum?
African Rainbow Minerals (JO:ARIJ) (ARM) has announced a deal to acquire all the shares in Bokoni Platinum Mines (Pty) Ltd, which is 49% owned by a subsidiary of Anglo American (JO:AMSJ)...
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UPDATE 1-S.Africa's ARM doubles interim dividend payout as half-year profit jumps
(Adds detail, dividend)JOHANNESBURG, March 3 (Reuters) - Diversified miner African Rainbow Minerals (ARM) ARIJ.J doubled its interim dividend payout as half-year profit surged, driven by an...
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South African Markets - Factors to watch on March 3
The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Wednesday. ECONOMIC EVENTS PMI data COMPANIES African...
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S.Africa's ARM posts jump in interim profit on higher prices and sales
JOHANNESBURG, March 3 (Reuters) - Diversified miner African Rainbow Minerals (ARM) ARIJ.J reported on Wednesday a doubling in half-year profits, driven by an increase in iron ore sales...
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BRIEF-African Rainbow Minerals Ltd HY Headline Earnings R5 039 Mln
March 3 (Reuters) - African Rainbow Minerals Ltd ARIJ.J :* JSE: ARI - INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2020 AND INTERIM DIVIDEND DECLARATION* HEADLINE EARNINGS FOR SIX...
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First claimants paid in South African silicosis settlement
JOHANNESBURG, March 2 (Reuters) - The first seven claims have been paid to miners who contracted the incurable lung disease silicosis, nearly two years after a landmark class action...
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S.Africa's ARM expects half-year earnings to rise on firmer metal prices
Feb 16 (Reuters) - Diversified miner African Rainbow Minerals (ARM) ARIJ.J forecast a jump in first-half earnings on Tuesday, boosted by higher iron ore sales volume and a surge in prices of...
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BRIEF-African Rainbow Minerals Says HY HEPS Expected To Be Between 2 529 Cents And 2 640 Cents
Feb 16 (Reuters) - African Rainbow Minerals Ltd ARIJ.J :* AFRICAN RAINBOW MINERALS - HY HEPS ARE EXPECTED TO BE BETWEEN 2 529 CENTS AND 2 640 CENTS (1H F2020: 1 114 CENTS)* AFRICAN RAINBOW...
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BRIEF-African Rainbow Minerals Appoints Tsundzukani Mhlanga As Finance Director
Sept 29 (Reuters) - African Rainbow Minerals Ltd ARIJ.J :* AFRICAN RAINBOW MINERALS - APPOINTMENT OF MS TSUNDZUKANI MHLANGA AS FINANCE DIRECTOR OF ARM...
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BRIEF-African Rainbow Minerals Reports FY Headline Earnings Of R28.50/Share
Aug 31 (Reuters) - African Rainbow Minerals Ltd ARIJ.J :* AFRICAN RAINBOW MINERALS - FY HEADLINE EARNINGS INCREASED BY 6% TO R5 534 MILLION OR R28.50 PER SHARE* AFRICAN RAINBOW MINERALS -...
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S.Africa's ARM says JV gets green light to load iron ore amid lockdown
JOHANNESBURG, April 2 (Reuters) - African Rainbow Minerals (ARM) ARIJ.J said on Thursday it had received the green light from South African authorities to load iron ore from stockpiles at...
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BRIEF-African Rainbow Minerals Updates On Operations During Lockdown Period
April 2 (Reuters) - African Rainbow Minerals Ltd ARIJ.J :* JSE: ARI - BUSINESS UPDATE ON IMPACT OF COVID-19* AFRICAN RAINBOW MINERALS- TRANSNET PLANS TO RAMP UP VOLUMES FOR REMAINDER OF...
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UPDATE 1-S.Africa's Sanlam appoints new CEO, to take over by July
(Recasts, adds details, quote, shares)JOHANNESBURG, March 31 (Reuters) - South Africa's largest insurer Sanlam SLMJ.J announced new faces to its top three jobs on Tuesday, naming...
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BRIEF-African Rainbow Minerals Says Finance Director Will Be Stepping Down
March 31 (Reuters) - African Rainbow Minerals Ltd ARIJ.J : * AFRICAN RAINBOW MINERALS LTD - ABIGAIL MUKHUBA WILL BE STEPPING DOWN AS ARM FINANCE DIRECTOR * AFRICAN RAINBOW MINERALS LTD -...
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BRIEF-African Rainbow Minerals Says Activities At Machadodorp Works Have Been Suspended Due To Covid-19
March 27 (Reuters) - African Rainbow Minerals Ltd ARIJ.J :* JSE: ARI - AFRICAN RAINBOW MINERALS IMPACT OF COVID-19 ON BUSINESS* AFRICAN RAINBOW MINERALS LTD - ALL ACTIVITIES AT MACHADODORP...
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S.Africa's ARM receives force majeure from Impala Platinum following lockdown
JOHANNESBURG, March 27 (Reuters) - South African diversified miner African Rainbow Minerals (ARM) ARIJ.J on Friday said it received a notice of force majeure from Impala Platinum IMPJ.J in...
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BRIEF-African Rainbow Minerals Prepares Plan For Maintenance At All Operations
March 24 (Reuters) - African Rainbow Minerals Ltd ARIJ.J :* PREPARED A RESPONSIBLE AND EFFECTIVE PLAN FOR TEMPORARY CARE AND MAINTENANCE AT ALL OUR OPERATIONS....
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UPDATE 1-Sibanye to provide processing facility to Amplats during force majeure
(Adds Amplats force majeure details, comments on outlook, and background)March 17 (Reuters) - South Africa's Sibanye-Stillwater SSWJ.J , the world's biggest platinum producer, said on...
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BRIEF-African Rainbow Minerals Says Co's Unit To Continue To Deliver Concentrate Produced At Modikwa Mine To RPM
March 11 (Reuters) - African Rainbow Minerals Ltd ARIJ.J :* JSE: ARI - FORCE MAJEURE NOTIFICATION RECEIVED FROM ANGLO AMERICAN PLATINUM LIMITED* AFRICAN RAINBOW MINERALS- RPM WONT BE ABLE...
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South African Markets - Factors to watch on February 28
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.ECONOMIC EVENTS- South...
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BRIEF-African Rainbow Minerals HY Revenue Up 31% To R5 907 Mln
Feb 28 (Reuters) - African Rainbow Minerals Ltd ARIJ.J :* JSE: ARI - INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2019 AND DIVIDEND DECLARATION* AFRICAN RAINBOW MINERALS LTD - HY...
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BRIEF-African Rainbow Minerals Sees HY HEPS To Be Between 1,100 And 1,125 Cents
Feb 17 (Reuters) - African Rainbow Minerals Ltd ARIJ.J :* JSE: ARI - TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2019* AFRICAN RAINBOW MINERALS - HEADLINE EARNINGS FOR 1H F2020...
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First payments in South African silicosis settlement expected in Q2
CAPE TOWN, Feb 5 (Reuters) - The first payments to miners who contracted the fatal lung diseases silicosis and tuberculosis from a 5 billion rand ($340 million) class action settlement by...
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UPDATE 1-S.African stocks hit near 7-month highs, led by Richemont, miners
(recasts with stocks)JOHANNESBURG, Jan 17 (Reuters) - South African stocks rose to near seven-month highs on Friday, underpinned by gains in heavyweight Richemont CFRJ.J and mining firms,...
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BRIEF-African Rainbow Minerals Says Andre Wilkens Steps Down As An Executive Director
Dec 18 (Reuters) - African Rainbow Minerals Ltd ARIJ.J :* AFRICAN RAINBOW MINERALS LIMITED ANNOUNCES CHANGES TO THE BOARD OF DIRECTORS* ANDRE WILKENS STEPS DOWN AS AN EXECUTIVE DIRECTOR OF...
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BRIEF-African Rainbow Minerals Says Total Interest In Ordinary Earnings Per Share Of Co Held By Fairtree Asset Management's Clients Now At 5.0263%
Oct 15 (Reuters) - African Rainbow Minerals Ltd ARIJ.J :* ACQUISITION OF SECURITIES BY CLIENTS OF FAIRTREE ASSET MANAGEMENT* TOTAL INTEREST IN ORDINARY EARNINGS PER SHARE OF CO HELD BY...
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African Rainbow Minerals to moth-ball loss-making Nkomati mine
JOHANNESBURG, Aug 30 (Reuters) - South African diversified miner African Rainbow Minerals (ARM) ARIJ.J said on Friday it would reduce production at its loss-making Nkomati mine in...
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BRIEF-African Rainbow Minerals Says Nkomati Mine To Be Placed On Care & Maintenance
Aug 30 (Reuters) - African Rainbow Minerals Ltd ARIJ.J :* AGREEMENT REACHED BY JV PARTNERS TO SCALE DOWN PRODUCTION AT LOSS-MAKING NKOMATI MINE AND PLACE IT ON CARE AND MAINTENANCE*...
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BRIEF-African Rainbow Minerals FY HEPS 27.18 Rand
Aug 30 (Reuters) - African Rainbow Minerals Ltd ARIJ.J :* REVIEWED PROVISIONAL RESULTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2019 AND FINAL CASH DIVIDEND DECLARATION* FY REVENUE INCREASED...
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Johannesburg court approves $353 mln silicosis settlement
JOHANNESBURG, July 26 (Reuters) - A Johannesburg High Court on Friday approved a 5 billion rand ($353 million) class action settlement between gold mining companies and law firms...
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South African Markets - Factors to watch on March 4
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday. COMPANIES - Bidvest...
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UPDATE 1-South Africa's rand weakens as risk sentiment wavers
(Updates prices)JOHANNESBURG, March 1 (Reuters) - The South African rand extended losses against a stronger dollar on Friday, after breaching the 14.00 to the dollar mark in the previous...
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