African Rainbow Minerals (ARM) is looking for growth within its own portfolio as well as externally, with a focus on copper, said executive chairman Patrice Motsepe, as the company paid a maiden interim dividend, a payment he committed to maintaining.Motsepe was vague when pushed by analysts for details on the growth in copper and practically avoided answering the question from a Macquarie analyst whether ARM would join Harmony Gold in which it owns a 15% stake at the Wafi-Golpu copper and gold deposit in Papua New Guinea.Harmony CEO Peter Steenkamp has spoken of exploring options around the Wafi-Golpu project at which it faces spending of hundreds of millions of dollars in a partnership with Australian gold miner Newcrest Mining. The options are to either share its stake in the undeveloped project with another company — prompting speculation that copper hungry ARM could be that partner — sell its Wafi-Golpu stake outright or keep it and develop it, particularly if the Papua New Gui...
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