African Rainbow Minerals Stock

African Rainbow Minerals Limited (ARM) operates as a mining and minerals company in South Africa. The company owns ferrous and base metals, platinum, and coal operations.

The company focuses on precious metals, ferrous metals and alloys, which include platinum group metals, nickel, iron ore, manganese ore, chrome ore, ferromanganese, and ferrochrome alloys. The company’s partners at the various South African operations are Anglo Platinum, Assore, Impala Platinum, Norilsk Nickel, and Xstrata Coal. It holds a significant interest in the gold mining sector through its shareholding in Harmony Gold Mining Company Limited (Harmony).

Harmony

Harmony operates primarily in South Africa with 10 underground operations, 2 surface operations, and 1 open pit mine. Harmony has a 50% interest in the Morobe Mining joint venture (Newcrest Mining Limited is the other 50% partner) in Papua New Guinea, which includes Hidden Valley, an open cast gold and silver project, as well as the Wafi–Golpu project and exploration tenements.

Joint Venture

The Vale/ARM joint venture’s primary projects are focused on copper in Zambia (the Konkola North Copper Project) and copper-cobalt on the Kalumines property in the Democratic Republic of Congo.