Assmang, which is jointly owned by African Rainbow Minerals (ARM) and Assore South Africa, has decided to place its Beeshoek iron-ore mine, in the Northern Cape, on care and maintenance, with about 622 permanent employees to be retrenched with effect from November 30. This follows the cessation of iron-ore offtake by the mine's sole customer, steelmaker ArcelorMittal South Africa (AMSA), and an extensive review of operational, commercial and financial alternatives.
Assmang places Beeshoek mine on care and maintenance as AMSA halts offtake
