African Rainbow Minerals Company Description
African Rainbow Minerals (ARM) develops and operates mines in South Africa in the ferrous metals, platinum group metals, coal, and gold sectors. The mining company has a 50% holding in Assmang Limited, which mines ferrous metals including iron ore, manganese, and chrome ore. Formerly Anglovaal Mining, African Rainbow operates the Modikwa and Two Rivers platinum mines, among others. The company's Nkomati mine produces nickel and copper. In 2004 the company sold its Avgold Limited subsidiary to Harmony Gold Mining and now holds a 16% stake in Harmony. Two years later Harmony acquired ARM's stake in Village Main Reef GoldMining.
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The Company Description provides a historical perspective of African Rainbow Minerals's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of African Rainbow Minerals's evolution in the marketplace.
