Motsepe is the founder and chairman of African Rainbow Minerals. He became a billionaire in 2008 – the first black African on the Forbes list.. At the time of writing, he had an estimated net ...
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Motsepe started Foundation Mining in 1994 – his first significant business venture. His rise in the mining sector was meteoric from there. Motsepe took African Rainbow Minerals (ARM) public in 2002, which has interests in a wide range of mines, including platinum, coal, iron, copper, and gold. Two-Rivers mine, owned by ARM. …
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Mining Magnate: Patrice Motsepe's initial foray into wealth accumulation began with the mining industry. In 1994, he founded African Rainbow Minerals (ARM), a mining company interested in various resources, including platinum, gold, and coal. His astute management and strategic investments in the mining sector were pivotal in …
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Patrice Motsepe is a South African billionaire and the founder of African Rainbow Minerals, a diversified mining company with interests in gold and other …
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Summary of Dr. Precious Moloi Motsepe's Bio. Full name: Dr. Precious Moloi Motsepe Gender: Date of birth: August 2, 1964 Dr. Precious Moloi Motsepe's Age: 59 Ethnicity: Tswana Nationality: South African …
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There is a lot to admire about South African mining billionaire Patrice Motsepe. He is a successful businessman with massive investments in the South African mining industry through his company – African Rainbow Minerals (ARM). The company mines minerals like gold, ferrous metals, base metals, and platinum in South Africa. ...
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Motsepe is the founder and chairman of African Rainbow Minerals (ARM), a mining company with interests in gold, platinum, ferrous metals, base metals, and coal. He is …
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The list sees veteran richest-man Patrice Motsepe in first position for the second-year running, boasting a wealth of 20.07 billion South African rand ($2.4 billion). Despite this apparently hefty figure, Motsepe has actually seen his wealth decline by 13 percent over the space of the last twelve months. ... The mining related trend continues ...
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Patrice Motsepe's father was the owner of a small spaza shop popular with mine workers in the area. This early exposure to the mining and business world was instrumental in his successful career as a mining businessman. He began his career as a partner at the law firm Bowman Gilfillan as the first black partner in 1994, shortly after Nelson ...
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Patrice Tlhopane Motsepe is a South African billionaire mining magnate. He is the founder and executive chairman of African Rainbow Minerals. He also sits on several company boards including being the non-executive chairman of Harmony Gold, the 12th largest gold mining company in the world.
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Learn about Dr Patrice Motsepe, the founder and executive chairman of African Rainbow Minerals (ARM), one of the largest mining companies in South Africa. He is also a …
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In this extract from 'Patrice Motsepe: An Appetite for Disruption', Janet Smith tells the 'real' story of how Motsepe started in mining and the origins of his wealth
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African Rainbow Minerals (ARM), the South African mining company founded by billionaire Patrice Motsepe, is acquiring the Bokoni platinum mine for R3.5 billion ($220 million) in cash. The mine was earlier shut down by Anglo American Platinum (Amplats) and Atlatsa Resources (Atlatsa Resources).
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Learn how Patrice Motsepe, South Africa's first black billionaire, built his fortune in the mining industry after apartheid. Discover his early struggles, his bold moves, his partnerships and his philanthropy.
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South African billionaire and leading industrialist Patrice Motsepe has seen his net worth rise significantly above $3.4 billion in recent times. ... The Motsepe-led mining business disclosed that headline earnings, South Africa's primary profit indicator, fell by 27 percent for the six months ending Dec. 31, from 5.04 billion ($330 million ...
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Patrice Motsepe is a South African businessman, mining magnate, and philanthropist. He was born on January 28, 1962, in Soweto, South Africa. Motsepe is the founder and chairman of African Rainbow Minerals (ARM), a mining company with interests in gold, platinum, ferrous metals, base metals, and coal.
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ARM – which was founded by billionaire Patrice Motsepe and mines iron, platinum, coal and other minerals – released its results for the year through June 2024 on Friday, which revealed poor results for the miner. Its revenue fell by almost 20%, while sales dropped by over 22%. Its cost of sales rose by 19.30%.
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They struck a good deal, and Bobby Godsell handed over the mining shafts to Patrice Motsepe, who would pay the $8.2 million cost over a period of years. With the price of Gold still falling, Patrice Motsepe had to take drastic steps to ensure the mine had a full turnaround. To do this, he implemented a lot of lean operations, downsized the ...
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ARM share surge lifts Motsepe's fortune. The surge in ARM shares has significantly boosted the market value of Patrice Motsepe's stake in the mining conglomerate, rising from R14.54 billion ($771.04 million) on April 8 to R18.12 billion ($961.2 million) at the time of drafting this report.
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Key Points: * Patrice Motsepe's net worth has dropped to $2.9 billion from $3 billion, largely due to a decline in African Rainbow Minerals' stock value. * ARM's stock price has fallen over 14% in the past month, reducing the market value of Motsepe's 40% stake below $1 ... ARM, which holds strategic positions in various mining projects ...
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Patrice Motsepe stands as a towering figure in Africa's business landscape, renowned for his entrepreneurial prowess, leadership acumen, and commitment to societal advancement. As the Founder and Executive Chairman of African Rainbow Minerals and the owner of Mamelodi Sundowns FC, his impact spans across the mining sector and …
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Patrice Motsepe (Born January 28, 1962) is a 61 year old South African mining billionaire businessman with a net worth of $2.8 billion. He is one of the richest people in South Africa and the richest black person in the country.. Motsepe is the definition of a versatile businessman as he earns from diverse fields of endeavor.However, his major source of …
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Patrice Motsepe is a South African mining businessman. He is the founder of African Rainbow Minerals and serves as its executive chairman. The company has interests in a wide range of mines, including gold, …
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In a strategic move to strengthen its mining portfolio, African Rainbow Minerals (ARM), under the leadership of Africa's first Black billionaire Patrice Motsepe, has entered into a definitive agreement with Norilsk Nickel Africa Proprietary (NNAf) to acquire a 50-percent joint venture stake in the Nkomati nickel mine located in Mpumalanga — a …
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PATRICE Motsepe is closer to the president's ear than any other mining magnate in South Africa. So it is to be hoped that at family get-togethers he uses the opportunity to give his brother-in-law, Cyril Ramaphosa, a tongue-lashing about the electricity, logistics and water supply constraints that are strangling the country's mining industry.
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Patrice Tlhopane Motsepe (born Jan. 28, 1962, Soweto, S.Af.) is a South African businessman and the country's first black billionaire. Motsepe made his fortune through …
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Registration no. 1950/038232/06 VAT no. 4380103194. Tel: +27 11 411 2000 Fax: +27 11 692 3879. Randfontein Office Park, Corner Main Reef Road & Ward Avenue,
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African Rainbow Minerals (ARM), led by Africa's first Black billionaire Patrice Motsepe, is set to acquire full ownership of the Nkomati nickel mine in Mpumalanga, South Africa. ARM will purchase the remaining 50-percent stake from Norilsk Nickel Africa (NNA), the local subsidiary of Russian mining giant Norilsk Nickel.
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RABAT, Morocco (AP) — South African mining billionaire Patrice Motsepe was elected president of the African soccer confederation on Friday without the need for a vote after a deal brokered by FIFA saw his three …
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Dr Patrice Motsepe was appointed non-independent non-executive chairman on 23 September 2003. In 1994, Dr Motsepe founded Future Mining which grew rapidly to become a successful contract mining company. He then formed ARMgold in 1997 which listed on the JSE in 2002. Dr Motsepe led ARMgold into a merger with Avmin and …
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