African Rainbow Minerals Limited

And they then sold it off to Patrice Mutseppi.

So African Rainbow Minerals, Patrice Mutseppi's business, was founded by my grandfather, Angloval Mining.

And that was that.

That was the beginning of the end of this Herzog dynasty in Angloval in South Africa.

Fault results are expected on the 27th of November.

African Rainbow Minerals plans to spend nearly 16 billion rand on its mines.

So its latest annual report shows 15.2 billion rand going towards developing its Bocconi Platinum Mine.

I hope I pronounced that correctly.

Let's get you up to date.

Coming up on the show today, we take a look at the latest out of the African Rainbow Minerals stable.

They announced they'd be buying back 750 million rands or they'd be reopening a 750 million rand nickel mine rather.

We're going to speak to our mining specialist, director of mining at Modern Corporate Solutions, Peter Major, around that and the other mining restarts that we have been taking note of.

But two of South Africa's wealthiest families are fighting over who gets to run a mining company that they own together.

So the Motsepe family's African Rainbow Minerals and the Sacco family's Assore each own 50% of Assmang, which mines iron ore and manganese.

Now, they've shared ownership since 2006, but the Saccos are now taking the Motsepe's camp- company to court, challenging its right to appoint managers and run the mines.

Now, the dispute comes as its earnings from iron ore and manganese have fallen 42%.

Look at Harmony Gold buying big into copper.

Look at African Rainbow Minerals buying into copper.

And diversification, it comes, it comes with every mineral.

Even the PGM producers we've got here, they beneficiate down to refinery mode on their PGMs, but are they gonna get into auto cat production? They don't have a competitive edge there, but have you looked how much chrome they're producing? They used to throw that chrome away.