CEO and chair Patrice Motsepe at odds over ARM managers’ performance
Higher prices at African Rainbow Minerals cover up operational problems, says Patrice Motsepe
28 February 2020 - 08:50
UPDATED 02 March 2020 - 05:02
African Rainbow Minerals (ARM) pushed up its interim dividend as higher platinum group metal (PGM) and iron ore prices offset lower coal and manganese prices and disguised operational problems, which were sharply criticised by executive chair Patrice Motsepe.
ARM increased its interim dividend 25% to 500c, reporting a two-thirds rise in group profit to R2.5bn. Revenue rose 31% to R5.9bn...
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