Important changes may be afoot at African Rainbow Minerals , which appears to weighing up existential questions over structure and strategy.
Typically, investment companies tend to attract a discount to net asset value because they have only partial exposure to cash flows or no management control. Pallinghurst Resources suffered this problem along with Mvelaphanda Resources before it. The specific issue with ARM is whether its platinum group metals business, ARMPlatinum, could be separately listed – a discussion the company has had for the past seven years, according to the group’s executive chairman Patrice Motsepe, who spoke on the topic at the firm’s year-end results announcement in early September.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month.
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African Rainbow Minerals reports 27% fall in first-half headline earningsA drop in iron prices, a stronger rand and transport woes weighed on the miner’s profits Ask the EFF to return your donation. CoruscaKhaya Please tell him Chelsea FC is up for sale.
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