ARM and Newmont Plan Multi-Billion-Dollar Copper Investment in Papua New Guinea
African Rainbow Minerals Targets $4–5 Billion Copper Investment in Papua New Guinea With Newmont African Rainbow Minerals (ARM) is positioning itself for a major expansion into the global copper market, with plans for a $4–5 billion investment in Papua New Guinea (PNG) alongside mining giant Newmont. The move underscores accelerating global demand for minerals vital to clean energy technologies, electric vehicles, and renewable power systems. South Africa–based ARM operates across several divisions—including platinum, ferrous metals, coal, and corporate holdings—with most of its revenue generated domestically. However, its asset base extends…
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