Tribunal approves ARM’s buyout of remaining Nkomati JV stake
The Competition Tribunal has unconditionally approved African Rainbow Minerals’ (ARM’s) proposed transaction to acquire the remaining participation interest in the Nkomati joint venture (JV) and an undivided ownership interest in certain mining rights held by the Nkomati JV.
Following the implementation of the proposed transaction, ARM will exercise sole control over the Nkomati JV.
ARM, a publicly traded company listed on the JSE, has interests in subsidiaries and JV operations in the mining sector.
Its operating companies and JVs mine and beneficiate iron-ore, manganese ore, chrome ore, platinum group metals (PGMs), nickel and coal. ARM also produces manganese and chrome alloys and has an investment in gold through its shareholding in Harmony Gold Mining Company.
The acquiring group, through ARM, is a diversified mining and minerals holding company with interests in long-life, low-unit-cost operations.
Nkomati JV is an unincorporated partnership between ARM and Norilsk Nickel Africa (NNA). ARM and NNA each hold participation interest and undivided ownership interest in certain mining rights held by the Nkomati JV.
The Nkomati mine, located in Mpumalanga, holds two mining rights which provide for legal entitlement over nickel, copper, cobalt, platinum, palladium, rhodium, iridium, ruthenium, osmium, gold, silver and other contained minerals and metals.
The mine is currently on care and maintenance.
Prior to being placed under care and maintenance, the mine’s operations comprised an openpit mining operation which fed two concentrators producing concentrate containing PGMs, nickel, copper and cobalt.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.
VISIT SHOWROOM
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
