African Rainbow Minerals Limited (JSE:ARI) agreed to acquire Target Business of Assmang Proprietary Limited for ZAR 130 million on January 31, 2019. The transaction is subject to approval by the anti trust authorities and as of January 31, 2019, the anti trust authorities unconditionally approved the transaction. African Rainbow Minerals Limited (JSE:ARI) completed the acquisition of Target Business of Assmang Proprietary Limited for approximately ZAR 110 million on February 28, 2019. A subsequent purchase price adjustment of ZAR 17 million which was received after June 30, 2019.