African Rainbow Minerals (OTCMKTS:AFBOF) is a diversified mining and natural resources company headquartered in Muldersdrift, South Africa. The company holds interests in a portfolio of mineral assets, primarily focusing on platinum group metals (PGMs), iron ore, manganese, chrome, nickel, copper and coal. Through a combination of wholly owned operations and strategic joint ventures, African Rainbow Minerals seeks to optimize resource extraction, processing and production to serve global commodity markets.
The group’s core operations are concentrated in South Africa, where it participates in various joint ventures such as RainCoal (coal), Connemara (chrome), Nkomati (nickel), Two Rivers (platinum group metals) and Samancor Manganese. In addition to its domestic footprint, African Rainbow Minerals has extended its reach to South America, with interests in iron ore assets in Brazil. This geographic diversity supports the company’s aim to balance exposure across different commodities and market regions.
Founded in 1997 by South African mining entrepreneur Patrice Motsepe, African Rainbow Minerals emerged as one of the country’s first successful black-owned mining houses in the post-apartheid era. The company has grown through a series of strategic acquisitions and partnership agreements, establishing itself as a significant player in the mining sector. Over the years, African Rainbow Minerals has emphasized sustainable development and community engagement in its operations.
African Rainbow Minerals is led by its founder, Patrice Motsepe, who serves as non-executive chairman. The company’s executive leadership team brings together industry expertise in mining, finance and sustainability to oversee operational performance and long-term growth initiatives. Through its diversified asset base and focus on value creation, African Rainbow Minerals continues to pursue opportunities in the global mining landscape.
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