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Miningmx reports that African Rainbow Minerals (ARM) has announced that its investment vehicle Assmang was putting the Beeshoek iron ore mine on care and maintenance resulting in the retrenchment of 622 permanent employees from end-November.
Beeshoek, which is situated in the Northern Cape, has struggled following a decline in offtake from steelmaker Arcelor Mittal SA (Amsa). Deliveries to Amsa finally ended in July. ARM owns its stake in Beeshoek through a 50% shareholding in Assmang. The balance of Assmang is owned by Assore, the privately-held resources investment firm. The closure of Beeshoek comes on the same day Amsa confirmed the closure of long steel production at its Newcastle plant.
Commenting on the closure of Beeshoek, ARM said Assmang had undertaken an “extensive assessment of potential alternatives to avoid a shutdown” which did not prove to be viable. “In the absence of a sustainable offtake arrangement, Beeshoek Mine is no longer economically feasible to operate,” it added. Mining at Beeshoek stopped at the end of October 2025. “In parallel with the care-and-maintenance process, Assmang is evaluating further options for Beeshoek Mine,” said ARM.
- Read the full original of the report in the above regard by David McKay at Miningmx
- Read too, ArcelorMittal ceases production at Newcastle, still no rescue in sight, at Moneyweb
Get other news reports at the SA LabourNews home page