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Motsepe's ARM doubles profit on platinum price surge
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Motsepe's ARM doubles profit on platinum price surge
A year ago, Patrice Motsepe's African Rainbow Minerals was writing down its platinum assets and placing expansion projects on care and maintenance. Now, with platinum group metal prices running hot, the company has posted a sharp turnaround and is weighing whether to bring those projects back to life.ARM reported revenue of 8.4 billion rand ($503.9 million) for the six months ended Dec. 31, 2025, a 31% jump from the same period a year earlier. O…
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