African Rainbow Minerals Ltd traded at 23,060.00 this Monday February 2nd, decreasing 932.00 or 3.88 percent since the previous trading session. Looking back, over the last four weeks, African Rainbow Minerals lost 14.51 percent. Over the last 12 months, its price rose by 44.93 percent. Looking ahead, we forecast African Rainbow Minerals Ltd to be priced at 23,394.60 by the end of this quarter and at 21,690.18 in one year, according to Trading Economics global macro models projections and analysts expectations.
African Rainbow Minerals Limited is a South Africa-based mining and minerals company with operations in South Africa and Malaysia. The Company’s segments include ARM Platinum, ARM Ferrous, ARM Coal, and ARM Corporate. The ARM Platinum comprises three operating mines: Modikwa, Two Rivers, and Nkomati. The ARM Ferrous segment includes the Iron Ore Division and Manganese Division. The Iron Ore Division is made up of the Beeshoek and Khumani mines, both located in the Northern Cape. The Manganese Division is situated in the Northern Cape province of South Africa, approximately 80 kilometer (km) northwest of the town of Kuruman. The ARM Coal segment holds access to Glencore Operations South Africa’s interest and entitlement in the Richards Bay Coal Terminal (RBCT).