African Rainbow Gives 3-Year Deadline on Loss-Making Operations

  • Full-year headline earnings plunge 40% to 1.05 billion rand
  • ARM wants to ‘maximize value’ at Lubambe copper mine

African Rainbow Minerals Ltd., a South African producer of iron ore, coal and platinum, said any of its assets that won’t make money within the next three years will be placed “under review” as the company’s earnings plunged due to low commodity prices.

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