ARM pays dividend amid higher iron ore and PGM prices

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South Africa Headlines News

Higher metal prices boosted African Rainbow Minerals, despite the Covid-19 pandemic.

Patrice Motsepe-chaired African Rainbow Minerals is proceeding with a R1.5bn final dividend payout, boosted by higher iron ore and platinum group metal prices amid the Covid-19 pandemic.

ARM also benefited from a weaker rand, with the average realised rand falling by 11% against the dollar.

 

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