African Rainbow Minerals Limited

ARM, its subsidiaries, joint ventures and associates explore, develop, operate and hold interests in the mining and minerals industry. The current operational focus is on precious metals, ferrous metals and alloys, which include platinum group metals, nickel, iron ore, manganese ore, chrome ore, ferromanganese, ferrochrome alloys and thermal coal. ARM has a 50% interest in the Vale/ARM Joint Venture,, which holds a non-South African mineral exploration and development portfolio. The portfolio includes copper projects in Zambia and a copper-cobalt project in the Democratic Republic of Congo (DRC).