African Rainbow Minerals, chaired by Patrice Motsepe, approves a $973M platinum and nickel bet as platinum stocks hit a 10-year low and Nkomati restarts.

Patrice Motsepe-founded African Rainbow Minerals will invest $927 million in Bokoni platinum and $46 million to restart South Africa’s only primary nickel mine

African Rainbow Minerals has approved a R15.2 billion investment in the Bokoni Mine to increase platinum group metals production capacity. This strategic move comes amid a…