African Rainbow Minerals: Difference between revisions

African Rainbow Minerals Limited
Company type	Public
Traded as	JSE: ARI
Industry	Mining
Headquarters	Sandton, Johannesburg, South Africa
Number of locations	South Africa, DRC, Zambia
Key people	Patrice Motsepe (Chairman); Phillip Tobias (CEO); Tsundzukani Mhlanga (CFO) Thando Mkatshana (CE)
Products	PGMs, Ferrous Metals, Coal, Copper
Revenue	R9.6 Billion (FY 2017)
Operating income	R3.475 Billion (FY 2017)
Net income	R1.432 Billion (FY 2017)
Total assets	R26.388 Billion (FY 2017)
Total equity	R24.04 Billion (FY 2017)
Number of employees	24,016 (includes contractors)
Website	www.arm.co.za

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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] 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]

History

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]}

References

^ ^a ^b ^c ^d ^e ^f "African Rainbow Minerals Integrated Annual Report 2017" (PDF). African Rainbow Minerals (published 30 June 2017). 24 April 2018.
^ "Corporate Summary" (PDF). 2009-10-23. Retrieved 2010-09-13.
^ "Goedgevonden mine to supply Eskom's Majuba coal-fired plant". Gold Newswire. Archived from the original on 2011-07-23. Retrieved 2010-09-13.
^ "Two Rivers plant improvement on track". Mining Weekly. Retrieved 2010-09-13.
^ ARM company website, retrieved 3 February 2011
^ "African Rainbow Minerals Ltd (ARIJ.J) People". Reuters. Archived from the original on 2017-07-09. Retrieved 2017-01-08.
^ "African Rainbow Minerals - The African Business Journal". Archived from the original on 14 September 2010. Retrieved 2010-09-13.
^ Adams, Susan (2008-03-24). "The Prince of Mines - Forbes.com". Archived from the original on 31 August 2010. Retrieved 2010-09-13.
^ "SA pushes mining firms for greater black ownership - Yahoo! News". Archived from the original on 18 September 2010. Retrieved 2010-09-13.
^ ^a ^b Creamer, Terence. "Harmony-ARMGold to merge to form world's fifth biggest gold producer". Mining Weekly. Retrieved 2017-01-08.
^ H de Beer, Johan (1 January 2016). The History of Geophysics in Southern Africa. African Sun Media. pp. 459–460.
^ "African Rainbow Minerals joins the International Council on Mining and Metals". ICMM. Archived from the original on 2010-01-07. Retrieved 2010-09-13.
^ "African Rainbow Minerals, Allocate R8 Billion Mining Investment In Zimbabwe - Mineral Exploration - Mining Exploration News". Archived from the original on 2010-06-17. Retrieved 2010-09-13.
^ "ARM to invest ZAR 8 billion in Zimbabwe". Archived from the original on 2011-07-11. Retrieved 2010-09-13.
^ "allAfrica.com: South Africa: Arm in Copper Joint Venture in Zambia". 2010-09-13. Archived from the original on 1 September 2010. Retrieved 2010-09-13.
^ "African Rainbow and Vale start construction on $380m Zambia mine". Retrieved 2010-09-13.
^ "Business Day". www.bdlive.co.za. Retrieved 2017-01-08.
^ "African Rainbow Minerals to cut jobs as profits halve". Fin24. Retrieved 2017-01-08.

External links

[ARM2017AR-1] ^ ^a ^b ^c ^d ^e ^f "African Rainbow Minerals Integrated Annual Report 2017" (PDF). African Rainbow Minerals (published 30 June 2017). 24 April 2018.

[2] "Corporate Summary" (PDF). 2009-10-23. Retrieved 2010-09-13.

[3] "Goedgevonden mine to supply Eskom's Majuba coal-fired plant". Gold Newswire. Archived from the original on 2011-07-23. Retrieved 2010-09-13.

[4] "Two Rivers plant improvement on track". Mining Weekly. Retrieved 2010-09-13.

[5] ARM company website, retrieved 3 February 2011

[6] "African Rainbow Minerals Ltd (ARIJ.J) People". Reuters. Archived from the original on 2017-07-09. Retrieved 2017-01-08.

[7] "African Rainbow Minerals - The African Business Journal". Archived from the original on 14 September 2010. Retrieved 2010-09-13.

[8] Adams, Susan (2008-03-24). "The Prince of Mines - Forbes.com". Archived from the original on 31 August 2010. Retrieved 2010-09-13.

[9] "SA pushes mining firms for greater black ownership - Yahoo! News". Archived from the original on 18 September 2010. Retrieved 2010-09-13.

[2003_Reff1-10] Creamer, Terence. "Harmony-ARMGold to merge to form world's fifth biggest gold producer". Mining Weekly. Retrieved 2017-01-08.

[2003_Reff2-11] H de Beer, Johan (1 January 2016). The History of Geophysics in Southern Africa. African Sun Media. pp. 459–460.

[12] "African Rainbow Minerals joins the International Council on Mining and Metals". ICMM. Archived from the original on 2010-01-07. Retrieved 2010-09-13.

[13] "African Rainbow Minerals, Allocate R8 Billion Mining Investment In Zimbabwe - Mineral Exploration - Mining Exploration News". Archived from the original on 2010-06-17. Retrieved 2010-09-13.

[14] "ARM to invest ZAR 8 billion in Zimbabwe". Archived from the original on 2011-07-11. Retrieved 2010-09-13.

[15] "allAfrica.com: South Africa: Arm in Copper Joint Venture in Zambia". 2010-09-13. Archived from the original on 1 September 2010. Retrieved 2010-09-13.

[16] "African Rainbow and Vale start construction on $380m Zambia mine". Retrieved 2010-09-13.

[17] "Business Day". www.bdlive.co.za. Retrieved 2017-01-08.

[18] "African Rainbow Minerals to cut jobs as profits halve". Fin24. Retrieved 2017-01-08.

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@@ Line 1: / Line 1: @@
+{{Short description|Mining company based in South Africa}}
 {{Infobox company
-| name             = African Rainbow Minerals (ARM)
+| name             = African Rainbow Minerals Limited
-| logo             = African Rainbow Minerals (logo).gif
+| logo             = African_Rainbow_Minerals_logo.svg
 | caption          =
-| type             = [[Public company|Public]] ({{JSE|ARI}})<br />[[JSE Limited]]
+| type             = [[Public company|Public]]
-| genre            =
+| traded_as        = {{JSE|ARI}}
 | fate             =
 | predecessor      =
@@ Line 17: / Line 18: @@
 | area_served      =
 | key_people       = [[Patrice Motsepe]] ([[Chairman]])<br>
-Mike Schmidt ([[Chief Executive Officer|CEO]])<br>
+Phillip Tobias ([[Chief Executive Officer|CEO]])<br>
-Mike Arnold ([[Chief Financial Officer|CFO]])
+Tsundzukani Mhlanga ([[Chief Financial Officer|CFO]])
 Thando Mkatshana ([[Chief executive|CE]])
 | industry         = Mining
 | products         = [[PGMs]], [[Ferrous|Ferrous Metals]], [[Coal]], [[Copper]]
 | services         =
-| revenue          = {{decrease}} [[South African Rand|R]]9.6 Billion<small> (''FY 2016'')<ref name="ARM2016AR">{{Cite web |url=http://arm.onlinereport.co.za/2016/downloads/ARM_IAR2016_full_report.pdf |title=African Rainbow Minerals Integrated Annual Report 2016 |date=10 March 2017 |publisher=African Rainbow Minerals |publication-date=30 June 2016}}</ref>{{rp|223}}
+| revenue          = {{increase}} [[South African Rand|R]]9.6 Billion<small> (''FY 2017'')<ref name="ARM2017AR">{{Cite web |url=http://arm.onlinereport.co.za/2017/downloads/arm_annual_financial_statements_2017.pdf |title=African Rainbow Minerals Integrated Annual Report 2017 |date=24 April 2018 |publisher=African Rainbow Minerals |publication-date=30 June 2017}}</ref>{{rp|21}}</small>
-| operating_income = {{decrease}} [[South African Rand|R]]1.09 Billion<small> (''FY 2016'') <ref name=ARM2016AR/>{{rp|223}}
+| operating_income = {{increase}} [[South African Rand|R]]3.475 Billion<small> (''FY 2017'') <ref name=ARM2017AR/>{{rp|21}}</small>
-| net_income       = {{decrease}} [[South African Rand|R]](757 Million)<small> (''FY 2016'')<ref name=ARM2016AR/>{{rp|223}}
+| net_income       = {{increase}} [[South African Rand|R]]1.432 Billion<small> (''FY 2017'')<ref name=ARM2017AR/>{{rp|21}}</small>
 | aum              =
-| assets           = [[South African Rand|R]]35.13 Billion<small> (''FY 2016'')<ref name=ARM2016AR/>{{rp|222}}
+| assets           = {{decrease}} [[South African Rand|R]]26.388 Billion<small> (''FY 2017'')<ref name=ARM2017AR/>{{rp|20}}</small>
-| equity           = [[South African Rand|R]]24.58 Billion<small> (''FY 2016'')<ref name=ARM2016AR/>{{rp|222}}
+| equity           = {{decrease}} [[South African Rand|R]]24.04 Billion<small> (''FY 2017'')<ref name=ARM2017AR/>{{rp|20}}</small>
 | owner            =
-| num_employees    = 13 793<ref name=ARM2016AR/>{{rp|43}}
+| num_employees    = 24,016 (includes contractors)<ref name=ARM2017AR/>
 | parent           =
 | divisions        =
@@ Line 38: / Line 39: @@
 | intl             =
 }}
-[[Image:Manganite-273157.jpg|thumb|right|200px|[[Manganite]] crystals from N'Chwaning]]
-'''African Rainbow Minerals (ARM)''' is a mining company based in South Africa. [[Patrice Motsepe]] is the executive chairman; Mike Schmidt is CEO.<ref>{{Cite web|url=https://www.reuters.com/finance/stocks/companyOfficers?symbol=ARIJ.J|title=${Instrument_CompanyName} ${Instrument_Ric}  People {{!}} Reuters.com|last=Editorial|first=Reuters|website=Reuters|language=en-US|access-date=2017-01-08}}</ref>
-ARM has interests in a wide range of mines, including [[platinum]] and [[platinum group metals]] (PGMs), [[iron]], [[coal]], [[copper]], and [[gold]].<ref>{{cite web|url=http://www.arm.co.za/im/files/annual/2009/pdf/homepage/corporate_summary.pdf
+'''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]].<ref>{{cite web|url=http://www.arm.co.za/im/files/annual/2009/pdf/homepage/corporate_summary.pdf
 |accessdate=2010-09-13
 |title=Corporate Summary
 |date=2009-10-23
-}}</ref> 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.<ref>{{cite web|url=http://www.goldnewswire.net/goedgevonden-mine-to-supply-eskom%E2%80%99s-majuba-coal-fired-plant
+}}</ref> 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.<ref>{{cite web
+|url=http://www.goldnewswire.net/goedgevonden-mine-to-supply-eskom%E2%80%99s-majuba-coal-fired-plant
 |accessdate=2010-09-13
-|title=Goedgevonden mine to supply Eskom’s Majuba coal-fired plant
+|title=Goedgevonden mine to supply Eskom's Majuba coal-fired plant
-| publisher = Gold Newswire
+|publisher=Gold Newswire
+|archive-url=https://web.archive.org/web/20110723135701/http://www.goldnewswire.net/goedgevonden-mine-to-supply-eskom%E2%80%99s-majuba-coal-fired-plant
-}}</ref> Production is expanding at the Two Rivers platinum mine in [[Mpumalanga]].<ref>{{cite web|url=http://www.miningweekly.com/article/two-rivers-plant-improvement-on-track-2009-12-04|accessdate=2010-09-13|title=Two Rivers plant improvement on track|publisher=Mining Weekly}}</ref> ARM owns 20% of Harmony Gold, the 12th largest gold mining company in the world with three mining operations in South Africa.<ref>[http://www.arm.co.za/ ARM company website], retrieved 3 February 2011</ref>
+|archive-date=2011-07-23
+|url-status=dead
+}}</ref> Production is expanding at the Two Rivers platinum mine in [[Mpumalanga]].<ref>{{cite web|url=http://www.miningweekly.com/article/two-rivers-plant-improvement-on-track-2009-12-04|accessdate=2010-09-13|title=Two Rivers plant improvement on track|publisher=Mining Weekly}}</ref> ARM owns 20% of Harmony Gold, the 12th largest gold mining company in the world with three mining operations in South Africa.<ref>[http://www.arm.co.za/ ARM company website], retrieved 3 February 2011</ref> [[Patrice Motsepe]] is the executive chairman; Phillip Tobias is CEO.<ref>{{Cite web |title=African Rainbow Minerals Ltd (ARIJ.J) People  |url=https://www.reuters.com/finance/stocks/companyOfficers?symbol=ARIJ.J |url-status=dead |archive-url=https://web.archive.org/web/20170709194030/http://www.reuters.com/finance/stocks/companyOfficers?symbol=ARIJ.J |archive-date=2017-07-09 |access-date=2017-01-08 |website=Reuters |language=en-US}}</ref>
+==History==
-==Expansion outside South Africa==
+[[Image:Manganite-273157.jpg|thumb|right|200px|[[Manganite]] crystals from N'Chwaning]]
-In August 2010, ARM entered a $380 million joint venture with [[Vale (mining company)|Vale]] to build a copper mine in [[Zambia]], which is expected to produce 100,000 tons of copper.<ref>{{cite web|url=http://allafrica.com/stories/201008300224.html
+ARM was founded by Patrice Motsepe<ref>{{cite web|url=http://www.tabj.co.za/africa_in_action/previous_aia/african_rainbow_minerals.html
 |accessdate=2010-09-13
+|title=African Rainbow Minerals - The African Business Journal
-|title=allAfrica.com: South Africa: Arm in Copper Joint Venture in Zambia
+| archiveurl= https://web.archive.org/web/20100914152314/http://www.tabj.co.za/africa_in_action/previous_aia/african_rainbow_minerals.html| archivedate= 14 September 2010 | url-status= live}}</ref> as South Africa's first black-owned mining company.<ref>{{cite news|url=https://www.forbes.com/forbes/2008/0324/088.html
-|date=2010-09-13
-| archiveurl= https://web.archive.org/web/20100901121701/http://allafrica.com/stories/201008300224.html| archivedate= 1 September 2010 <!--DASHBot-->| deadurl= no}}</ref><ref>{{cite web|url=http://www.miningweekly.com/article/african-rainbow-and-vale-start-construction-on-380m-zambia-mine-2010-08-27
 |accessdate=2010-09-13
+|title=The Prince of Mines - Forbes.com
-|title=African Rainbow and Vale start construction on $380m Zambia mine
+| date=2008-03-24
+| archiveurl= https://web.archive.org/web/20100831010429/http://www.forbes.com/forbes/2008/0324/088.html| archivedate= 31 August 2010 | url-status= live| first=Susan| last=Adams}}</ref><ref>{{cite web
+ |url=https://news.yahoo.com/s/afp/20100913/wl_africa_afp/safricaeconomymining
+ |accessdate=2010-09-13
+ |title=SA pushes mining firms for greater black ownership - Yahoo! News
+ |archiveurl=https://web.archive.org/web/20100918134449/http://news.yahoo.com/s/afp/20100913/wl_africa_afp/safricaeconomymining
+ |archivedate=18 September 2010
+ |url-status=dead
+}}</ref> Motsepe founded ARMGold in 1997, which went on to list on the [[Johannesburg Stock Exchange]] (JSE) in 2002.<ref name="2003_Reff1"/>
+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.<ref name="2003_Reff2">{{cite book|last1=H de Beer|first1=Johan|title=The History of Geophysics in Southern Africa|date=1 January 2016|publisher=African Sun Media|pages=459–460}}</ref> The 2003 ARMGold merger with Harmony Gold Mining formed the world’s 5th largest gold producer.<ref name="2003_Reff1">{{Cite news|url=http://www.miningweekly.com/article/harmonyarmgold-to-merge-to-form-worlds-fifth-biggest-gold-producer-2003-05-03/rep_id:3650|title=Harmony-ARMGold to merge to form world's fifth biggest gold producer|last=Creamer|first=Terence|newspaper=Mining Weekly|access-date=2017-01-08}}</ref> The ARMGold merger with Anglovaal Mining (Avmin) came after.{{Citation needed|date=December 2022}}
+In 2009, ARM joined the [[International Council on Mining and Metals]].<ref>{{cite web
+|url=http://www.icmm.com/page/15167/news-and-events/news/articles/african-rainbow-minerals-joins-the-international-council-on-mining-and-metals-
+|accessdate=2010-09-13
+|publisher=ICMM
+|title=African Rainbow Minerals joins the International Council on Mining and Metals
+|archive-url=https://web.archive.org/web/20100107033403/http://www.icmm.com/page/15167/news-and-events/news/articles/african-rainbow-minerals-joins-the-international-council-on-mining-and-metals-
+|archive-date=2010-01-07
+|url-status=dead
 }}</ref> In 2009, ARM was reported to be planning $1.12 billion investments in mining in [[Zimbabwe]].<ref>{{cite web
  |url=http://paguntaka.org/2009/09/07/african-rainbow-minerals-allocate-r8-billion-mining-investment-in-zimbabwe/
  |accessdate=2010-09-13
  |title=African Rainbow Minerals, Allocate R8 Billion Mining Investment In Zimbabwe - Mineral Exploration - Mining Exploration News
- |deadurl=yes
+ |url-status=dead
  |archiveurl=https://web.archive.org/web/20100617104917/http://paguntaka.org/2009/09/07/african-rainbow-minerals-allocate-r8-billion-mining-investment-in-zimbabwe/
  |archivedate=2010-06-17
- |df=
 }}</ref><ref>{{cite web
  |url=http://greatindaba.com/issue/september-2009-vol-8/article/arm-to-invest-zar-8-billion-in-zimbabwe
  |accessdate=2010-09-13
  |title=ARM to invest ZAR 8 billion in Zimbabwe
- |deadurl=yes
+ |url-status=dead
  |archiveurl=https://web.archive.org/web/20110711123846/http://greatindaba.com/issue/september-2009-vol-8/article/arm-to-invest-zar-8-billion-in-zimbabwe
  |archivedate=2011-07-11
+}}</ref> In August 2010, ARM entered a $380 million joint venture with [[Vale (mining company)|Vale]] to build a copper mine in [[Zambia]], which was expected to produce 100,000 tons of copper.<ref>{{cite web|url=http://allafrica.com/stories/201008300224.html
- |df=
-}}</ref> ARM also has 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.
-==History==
-ARM was founded by Patrice Motsepe<ref>{{cite web|url=http://www.tabj.co.za/africa_in_action/previous_aia/african_rainbow_minerals.html
 |accessdate=2010-09-13
+|title=allAfrica.com: South Africa: Arm in Copper Joint Venture in Zambia
-|title=African Rainbow Minerals - The African Business Journal
+|date=2010-09-13
-| archiveurl= https://web.archive.org/web/20100914152314/http://www.tabj.co.za/africa_in_action/previous_aia/african_rainbow_minerals.html| archivedate= 14 September 2010 <!--DASHBot-->| deadurl= no}}</ref> as South Africa's first black-owned mining company, although he is thought to have benefited from political connections when the [[ANC]] took power and enacted laws on black ownership of industries.<ref>{{cite news|url=https://www.forbes.com/forbes/2008/0324/088.html
+| archiveurl= https://web.archive.org/web/20100901121701/http://allafrica.com/stories/201008300224.html| archivedate= 1 September 2010 | url-status= live}}</ref><ref>{{cite web|url=http://www.miningweekly.com/article/african-rainbow-and-vale-start-construction-on-380m-zambia-mine-2010-08-27
 |accessdate=2010-09-13
+|title=African Rainbow and Vale start construction on $380m Zambia mine
-|title=The Prince of Mines - Forbes.com
+}}</ref>  In February 2016, ARM put a further $148 million bail out in place to preserve their broad-based black economic empowerment (B-BBEE) status.<ref>{{Cite web|url=http://www.bdlive.co.za/business/mining/2016/02/16/african-rainbow-minerals-forks-out-more-to-preserve-b-bbee-standing|title=Business Day|website=www.bdlive.co.za|language=en-US|access-date=2017-01-08}}</ref> In March 2016, ARM reported that profits had been halved due to lower commodity prices.<ref>{{Cite news|url=http://www.fin24.com/Companies/Mining/african-rainbow-minerals-cuts-jobs-as-profits-halve-20160313|title=African Rainbow Minerals to cut jobs as profits halve|newspaper=Fin24|access-date=2017-01-08}}</ref> 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|date=December 2022}}
-| date=2008-03-24
-| archiveurl= https://web.archive.org/web/20100831010429/http://www.forbes.com/forbes/2008/0324/088.html| archivedate= 31 August 2010 <!--DASHBot-->| deadurl= no| first=Susan| last=Adams}}</ref> The South African government continues to exert pressure to increase black ownership of mining companies.<ref>{{cite web
- |url=https://news.yahoo.com/s/afp/20100913/wl_africa_afp/safricaeconomymining
- |accessdate=2010-09-13
- |title=SA pushes mining firms for greater black ownership - Yahoo! News
- |archiveurl=https://web.archive.org/web/20100918134449/http://news.yahoo.com/s/afp/20100913/wl_africa_afp/safricaeconomymining
- |archivedate=18 September 2010
- |deadurl=yes
- |df=
-}}</ref>
+== See also ==
-Motsepe founded ARMGold in 1997, which went on to list on the Johannesburg Stock Exchange (JSE) in 2002. In 2003 ARMGold merged with Harmony Gold Mining to form the world’s 5th largest gold producer.<ref>{{Cite news|url=http://www.miningweekly.com/article/harmonyarmgold-to-merge-to-form-worlds-fifth-biggest-gold-producer-2003-05-03/rep_id:3650|title=Harmony-ARMGold to merge to form world's fifth biggest gold producer|last=Creamer|first=Terence|newspaper=Mining Weekly|access-date=2017-01-08}}</ref> ARMGold went on to merge with Anglovaal Mining (Avmin).
+*[[List of companies traded on the JSE]]
+*[[List of companies of South Africa]]
-In 2003 it entered a merger with Harmony Gold Mining and Anglovall, previously owned by Richard and [[Brian Menell]], and became the largest group controlled by black entrepreneurs.<ref>{{cite book|last1=H de Beer|first1=Johan|title=The History of Geophysics in Southern Africa|date=1 January 2016|publisher=African Sun Media|pages=459–460}}</ref>
+*[[List of mining companies]]
+*[[Economy of South Africa]]
-In 2009, ARM joined the [[International Council on Mining and Metals]].<ref>{{cite web|url=http://www.icmm.com/page/15167/news-and-events/news/articles/african-rainbow-minerals-joins-the-international-council-on-mining-and-metals-
-|accessdate=2010-09-13
-|publisher =ICMM | title = African Rainbow Minerals joins the International Council on Mining and Metals
-}}</ref>
+== References ==
-In February 2016, ARM put a further $148 million bail out in place to preserve their broad-based black economic empowerment (B-BBEE) status.<ref>{{Cite web|url=http://www.bdlive.co.za/business/mining/2016/02/16/african-rainbow-minerals-forks-out-more-to-preserve-b-bbee-standing|title=Business Day|website=www.bdlive.co.za|language=en-US|access-date=2017-01-08}}</ref> In March 2016, ARM reported that profits had been halved due to lower commodity prices.<ref>{{Cite news|url=http://www.fin24.com/Companies/Mining/african-rainbow-minerals-cuts-jobs-as-profits-halve-20160313|title=African Rainbow Minerals to cut jobs as profits halve|newspaper=Fin24|access-date=2017-01-08}}</ref>
+{{Reflist|colwidth=30em}}
-==External links==
+== External links ==
+{{Commons category|African Rainbow Minerals}}
 *[http://www.arm.co.za/ African Rainbow Minerals website]
 *[http://mining.einnews.com/news/african-rainbow-minerals News articles on African Rainbow Minerals]
+{{Witwatersrand companies}}
-==References==
+{{Authority control}}
-{{reflist|colwidth=30em}}
 [[Category:Mines in South Africa]]
 [[Category:Mining in South Africa]]
+[[Category:Companies based in Sandton]]
 [[Category:Companies listed on the Johannesburg Stock Exchange]]
 [[Category:Xstrata]]
 [[Category:Platinum mining companies]]
+[[Category:Coal companies of South Africa]]

Authority control databases
International	VIAF
National	United States