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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 . [ 2 ]
Founder, African Rainbow Minerals Patrice Tlhopane Motsepe (born 28 January 1962) is a South African billionaire businessman and football administrator. [ 2 ] Patrice Motsepe was born to Kgosi Augustine Motsepe, a chief of the Mmakau branch of the Tswana people .
In the late 1990s, it would form into two separate companies, Anglovaal Industrial Holdings (AVI) and Anglovaal Minerals (Avmin). As a family owned business, all family interests were to be diluted by 2001. By 2003, Anglovaal Minerals became part of African Rainbow Minerals Limited, a listed black empowerment company.
Premier Diamond Mine, Cullinan, Gauteng, South Africa An aerial view of the Two Rivers mine in Steelpoort, Limpopo, owned by both African Rainbow Minerals and Impala Platinum holdings limited. Mining in South Africa was once the main driving force [1] behind the history and development of Africa's most advanced and richest economy. [2]
In 2014, a five-month-long platinum strike had resulted in the deaths of four people, [22] six stabbings, [23] and 24 billion rand ($2.25 billion) in lost revenue for the South African platinum industry. The GDP of South Africa contracted in the first quarter of 2014, pulled down by the steepest drop in mining production (25% of which 19% was ...
Mining operations around Steelpoort include the Dwarsrivier chrome mine (30 km from Steelpoort, located in Mpumalanga) [3] owned by Assmang, Tweefontein chrome mine and Tubatse Ferrochrome, owned by Samancor, Two Rivers and Modikwa platinum mines managed by Patrice Motsepe’s African Rainbow Minerals, as well as Mototolo platinum mine and the ...
TEAL is a subsidiary of African Rainbow Minerals (ARM). [2] In their 2011 annual report, (ARM), which had acquired a stake in the property, described it as being in the "exploration to feasibility" phase of development. [5]
African Rainbow Minerals and Anglo American Platinum (Joint Venture) The Modikwa platinum mine is a large underground mine in the north-eastern part of South Africa northwest of Burgersfort , Limpopo .