Tag: African Rainbow Minerals
African Rainbow Minerals has come out with strong results, reporting a 6 per cent increase in headline earnings. The mining company has declared a dividend of 700 cents per share, as its key commodities remained resilient, in a challenging environment. African Rainbow Minerals CEO, Mike Schmidt joins CNBC Africa for more.
African Rainbow Minerals, the mining company chaired by billionaire Patrice Motsepe has released a solid set of results. The diversified miner with operations in gold, platinum, iron ore and coal has seen headline earnings increase by 9 per cent to R5.2 billion. CNBC Africa's Kopano Gumbi spoke with CEO Mike Schmidt for more.
African Rainbow Minerals, chaired by South African billionaire Patrice Motsepe, is confident about the prospects for the mining sector, this as the government is trying to position mining into a sunrise sector even though many investors have turned their back on it due to paltry profits. CNBC Africa's Fifi Peters caught up with the CEO of African Rainbow Minerals, Mike Schmidt for more.
South African gold producers will likely reach a settlement within six weeks in a lawsuit over a fatal lung disease that companies have set aside 5 billion rand ($420 million) in provisions...