Mining News

Strength of high-flying ARM is its multiracial, multicultural character – Motsepe

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The strength of South Africa, its businesses as well as African Rainbow Minerals (ARM) itself is its multiracial and multicultural character, which the country is privileged to have, ARM executive chairperson Dr Patrice Motsepe emphasised on Monday, when his JSE-listed company presented stellar financial results that underpinned a sky-high increase in dividend payout. Pitching the 2021 dividend at a level two-and-a-half times higher than the R12 paid in the company’s 2020 financial year was made possible by the headline earnings of the diversified mining company soaring by 136% to R13-billion in the 12 months to June 30. (Also watch atttached Creamer Media video.)

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