ARM buys out JV partner in Nkomati mine

South African diversified miner African Rainbow Minerals (ARM) has concluded…



South African diversified miner African Rainbow Minerals (ARM) has concluded an agreement to buy global nickel and palladium miner Norilsk Nickel Africa’s (NNAf’s) 50% interest in the joint venture (JV) Nkomati nickel mine, in Mpumalanga, for R1-million.

ARM will take over the environmental liabilities of the mine, together with NNAf’s proportionate share of the obligations and liabilities relating to the mine’s assets.



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