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African Rainbow Minerals' earnings soar 134%, interim dividend declared

Despite Covid-19-related global economic challenges and uncertainty, African Rainbow Minerals (ARM) on Wednesday reported record headline earnings of R5 039-million for the six months to December 31. This represented a 134% increase compared with the corresponding of 2019 and was underpinned by higher US dollar iron-ore and platinum group metal (PGM) prices, coupled with increased export iron-ore and manganese ore sales volumes.