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| Company type | Public |
|---|---|
| JSE: ARI | |
| Industry | Mining |
| Headquarters | , |
Number of locations | South Africa, DRC, Zambia |
Key people | Patrice Motsepe (Chairman)
Phillip Tobias (CEO) |
| Products | PGMs, Ferrous Metals, Coal, Copper |
| Revenue |  R9.6 Billion (FY 2017)[1]: 21 |
| R3.475 Billion (FY 2017) [1]: 21 | |
| R1.432 Billion (FY 2017)[1]: 21 | |
| Total assets |  R26.388 Billion (FY 2017)[1]: 20 |
| Total equity | R24.04 Billion (FY 2017)[1]: 20 |
Number of employees | 24,016 (includes contractors)[1] |
| Website | www.arm.co.za |
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] ARM's Goedgevonden coalmine near Witbank is a flagship of their joint venture with Xstrata, and produces 6.7 million tons of coal per year.[3] Production is expanding at the Two Rivers platinum mine in Mpumalanga.[4] ARM owns 20% of Harmony Gold, the 12th largest gold mining company in the world with three mining operations in South Africa.[5] Patrice Motsepe is the executive chairman; Phillip Tobias is CEO.[6]
ARM was founded by Patrice Motsepe[7] as South Africa's first black-owned mining company.[8][9] Motsepe founded ARMGold in 1997, which went on to list on the Johannesburg Stock Exchange (JSE) in 2002.[10]
In 2003 ARMGold entered a merger with Harmony Gold Mining and Anglovaal, previously owned by Richard and Brian Menell, and became the largest group controlled by black entrepreneurs.[11] The 2003 ARMGold merger with Harmony Gold Mining formed the world’s 5th largest gold producer.[10] The ARMGold merger with Anglovaal Mining (Avmin) came after.[citation needed]
In 2009, ARM joined the International Council on Mining and Metals.[12] In 2009, ARM was reported to be planning $1.12 billion investments in mining in Zimbabwe.[13][14] In August 2010, ARM entered a $380 million joint venture with Vale to build a copper mine in Zambia, which was expected to produce 100,000 tons of copper.[15][16] In February 2016, ARM put a further $148 million bail out in place to preserve their broad-based black economic empowerment (B-BBEE) status.[17] In March 2016, ARM reported that profits had been halved due to lower commodity prices.[18] ARM also has had a 50% stake in Morobe Mining Joint Ventures (MMJV) of Papua New Guinea. MMJV has operations in Hidden Valley and Wafi-Golpu in Morobe Province approximately 50 kilometers south-west of Lae, Papua New Guinea.[citation needed]
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