The price for ARI is moving in an ascending channel on the weekly and daily timeframe. The share price is now at the top of the ascending channel, which represents a critical resistance level. If prices find support at the 17 000 psychological level or the inner trendline, then we can expect prices to continue further with the bullish move. However, if prices...
This still remain one of my favorite diversified mining companies. When everyone talk Iron ore, we automatically think Kumba. African Rainbow Minerals however also got a solid exposure to Iron Ore. Fundamentally the company is still sound and from a quantitative analysis basis, it still got some serious momentum behind the share price.
Technically - the share...
African Rainbow Minerals Limited (ARM) is a mining and minerals company. The Company mines and beneficiates iron ore, manganese ore and alloys, chrome ore and alloys, platinum group metals, copper, nickel and coal. It also has an investment in gold through its shareholding in Harmony Gold Mining Company Limited. Its segments include ARM Platinum, ARM Ferrous, ARM Coal, ARM Copper and ARM Corporate. The ARM Platinum segment consists of over three operating mines, such as Modikwa, Two Rivers and Nkomati. The ARM Ferrous operations, through its investment in Assmang Proprietary Limited, consist of three divisions: iron ore, manganese and chrome. The ARM Coal segment includes Goedgevonden Coal Mine. The ARM Copper segment holds the Lubambe Copper Project and Lubambe Extension Area. The ARM Corporate segment includes ARM Strategic Services and Exploration, Corporate and other, and Gold. Its geographical segments include South Africa, Europe, Americas, Far and Middle East, Zambia and Other.
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ARI
