Who is the owner of African Rainbow Minerals?
Mike Schmidt
African Rainbow Minerals/CEO
When was African Rainbow Minerals founded?
November 2003
African Rainbow Minerals/Founded
Which mine does Patrice Motsepe own?
In 1997 he launched ARMgold, which in 2003 merged with Harmony and acquired Anglovaal Mining (Avmin). Motsepe was named chairman of the newly reorganized ARM in 2004, and by 2006 the company had expanded beyond gold and other metals into coal mining.
Who is the CEO of African Rainbow Minerals?
What makes African Rainbow Minerals successful?
African Rainbow Minerals (ARM) is a leading South African diversified mining and minerals company with long-life, low unit cost operations. ARM also produces manganese and chrome alloys, and has an investment in gold through its shareholding in Harmony.
Who is the first billionaire in South Africa?
REAL TIME NET WORTH Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 – the first black African on the Forbes list. In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa.
How do I buy shares in African Rainbow capital?
How To Open an Account and Buy Shares
- Step 1: Open a Capital.com Account.
- Step 2: Verify Your Account.
- Step 3: Fund Your Account.
- Step 4: Buy African Rainbow Capital Shares.
Who is Patrice Tlhopane of African Rainbow Minerals?
Patrice Tlhopane Motsepe (born 28 January 1962) is a South African mining billionaire businessman of Tswana descent. He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum.
Who is Patrice Motsepe and what does he do?
Motsepe is the founder of several wholly owned subsidiaries including African Rainbow Minerals Platinum, ARM Consortium Limited, which was subsequently co-owned with Anglo American Platinum Corp Ltd. In 2005 Motsepe was named Chairman of Teal Exploration and Mining.
What kind of company is African Rainbow Minerals?
African Rainbow Minerals (ARM) – African Rainbow Minerals Limited (ARM) is a niche, diversified South African mining company.
When did Patrice Motsepe sell his gold mines?
In 1997, with gold prices at a low, he purchased marginal gold mines from AngloGold under favourable finance terms. AngloGold sold Motsepe six gold mine shafts for $7,7million allowing him to repay the debt out of the future earnings of the company now known as African Rainbow Minerals.
