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Iron Ore

ARM's iron ore earnings halve as Assmang absorbs Beeshoek closure costs

African Rainbow Minerals' iron ore division booked a 41% drop in headline earnings for the year to June 2026, hit by weak prices and the cost of shutting Beeshoek, even as group profit recovered to nearly R4bn.

Roy Mulenga·4 September 2026·2 min read

Iron Ore

Assmang shuts Beeshoek iron ore mine after ArcelorMittal pulls its offtake

Assmang has permanently closed its Beeshoek iron ore mine near Postmasburg and begun retrenching 622 employees, after ArcelorMittal South Africa ended the offtake agreement that kept the mine viable.

Roy Mulenga·5 November 2025·2 min read

Companies 1

Manganese

AssmangUnlisted South African iron ore and manganese producer incorporated in 1935, owned in equal 50:50 shares by Assore and African Rainbow Minerals. It ranks among the country's largest exporters of both commodities.Sandton2 stories