Patrice Motsepe is set to pocket $24.6 million African Rainbow Minerals interim dividend
African Rainbow Minerals raised its interim dividend to 500 cents per share, putting R455 million into Patrice Motsepe's pocket.
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African Rainbow Minerals raised its interim dividend to 500 cents per share, putting R455 million into Patrice Motsepe's pocket.
Patrice Motsepe's African Rainbow Minerals doubled its profit in six months as platinum prices surged, putting previously shelved expansion projects back on the table.
Gold is trading above $5,400 an ounce. South Africa's mining billionaires may be the unlikely beneficiaries of a widening Middle East war
Patrice Motsepe's African Rainbow Minerals is joining a consortium to build a new manganese export terminal at Ngqura Port in the Eastern Cape.
Patrice Motsepe's ARM has swung back to profitability, posting R1.9 billion ($113.9 million) in operating profit as revenue climbed 31% to R8.4 billion ($503.9 million).
South African billionaire Patrice Motsepe is back in national leadership conversations as the country debates its future, despite his repeated denials of political ambition
African Rainbow Minerals says interim headline earnings may rise up to 15 percent, while basic earnings could jump as much as 75 percent.
ARM founder Patrice Motsepe has given up executive duties and will serve as non executive chair as the miner reshapes leadership.
Patrice Motsepe appoints Maryke Burger as CEO of African Rainbow Minerals’ ferrous division as the company pushes ahead with restructuring and efficiency reforms.
African Rainbow Minerals is challenging companies it says are riding on its name, arguing their brands could mislead the public and investors.
Patrice Motsepe’s net worth rises to $3.7 billion as gains in Harmony Gold and African Rainbow Minerals lift his fortune.
African Rainbow Minerals said it received a R1.5 billion dividend from Assmang, reflecting improved earnings and steadier commodity conditions through 2025.
African Rainbow Minerals is still negotiating how much cash it can unlock from Assmang, its manganese and iron-ore JV, after profits slumped.
The company said Friday the shutdown will allow it to work on a revised mining plan for the Limpopo-based mine, after mounting losses and rising costs.
African Rainbow Minerals’ profit slumped 47% as weaker iron ore prices and Bokoni losses offset gains in manganese; dividend reduced to R6 a share.
ARM boosts copper exposure with a $3.3 million Surge Copper stake, giving Patrice Motsepe’s group nearly 20 percent ownership.