African Rainbow Minerals wants to maximise the equity it has in Harmony Gold

The global market is going through a very challenging time right now, African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe noted on Friday, when the Johannesburg Stock Exchange-listed company reported a 43% fall in headline earnings to R5.1-billion in the 12 months to June 30. “You’ll see from our results that headline earnings, dividends and various other indicators – in line with mining companies all over the world – have come down,” Motsepe outlined, ahead of highlighting the strong performance of Harmony Gold, of which ARM has been an integral part more than two decades.