African Rainbow Minerals is a leading South African diversified mining and minerals company, with world-class long-life, low unit cost assets.
ARM in its current form was created in 2004 to operate, develop, explore and hold significant interests in the South African and African mining industries. In 2010 ARM successfully completed its 2 X 2010 strategy to double production in its diversified portfolio of assets. This strategy culminated in the delivery of seven high quality, long-life, low unit cost mines. ARM continues to pursue an aggressive growth strategy with focus on its growth projects in iron ore, coal, nickel and copper. This aggressive growth strategy is combined with the continuing pursuit of operational efficiencies and growth through quality partnerships and acquisitions.
| (1) | Assets held through the ARM Mining Consortium’s effective interest of 41.5%, the balance held by local communities. |
| (2) | ARM shareholding in Two Rivers will reduce to 51% once the transfer of Kalkfontein 4, 5 and 6 and Tweefontein prospecting rights has been effected.. |
| (3) | Platinum Australia earned in 12% ownership on completion and approval of the prefeasibility study. The transfer of this ownership is awaiting approval from the Department of Mineral Resources, Platinum Australia has the right to acquire 49% of the acquired 10%. |
| (4) | Konkola North is subject to a buy-in right up to 20% (5% carried interest) by state-owned ZCCM Investment Holdings plc. |
| (5) | ARM Exploration is involved in identifying and assessing exploration and mineral business opportunities in sub-Saharan Africa. |
| (6) | Mwambashi prospecting licence has been relinquished and certain exploration licences have been incorporated into the Konkola North mining licence. |
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