ARM pays dividend amid higher iron ore and PGM prices
Higher metal prices boosted African Rainbow Minerals, despite the Covid-19 pandemic.
31 August 2020 - 08:57
Patrice Motsepe-chaired African Rainbow Minerals (ARM) is proceeding with a R1.5bn final dividend payout, boosted by higher iron ore and platinum group metal prices amid the Covid-19 pandemic.
The diversified miner reported a 6% increase in headline earnings to R5.53bn in its year to end-June, with higher iron ore and platinum group metal (PGM) prices more than offsetting the negative effect of lower manganese ore, manganese alloys and thermal coal prices...
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