Motsepe’s ARM Bets Nearly $1 Billion on Platinum and Nickel Rebound

Africa · Southern Key Facts —The spend. ARM approved R15.2 billion (US$927 million) for the Bokoni platinum mine and R753 million (US$46 million) to restart Nkomati nickel. —The backer. ARM is chaired by Patrice Motsepe, South Africa’s third-richest person and a central figure in post-apartheid mining. —The market. Platinum is in its fourth consecutive annual…