PGM rebound lifts African Rainbow Minerals’ earnings as iron ore, manganese slide

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South Africa

PGM rebound lifts African Rainbow Minerals’ earnings as iron ore, manganese slide — Sources: sundayworld.co.za

The recovery in platinum group metals (PGM) prices has boosted Patrice Motsepe’s African Rainbow Minerals (ARM) amid weaker performances from iron ore, manganese and coal operations. The mining company reported a 25% increase in revenue to R16.3-billion, while headline earnings increased 19% to R3.2-billion for the year ended June 2026. This improvement was attributed to stronger PGM prices, which

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PGM rebound lifts African Rainbow Minerals’ earnings as iron ore, manganese slide

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