Patrice Motsepe’s ARM to cut jobs, shut loss-making plant

Cato Ridge ferromanganese smelter to close by end August

ASSMANG, jointly owned and controlled by Assore South Africa and African Rainbow Minerals (ARM), confirmed on 1 July that, following the completion of a structured and comprehensive consultation process, the business and operations of its Cato Ridge Works Ferrochrome Smelter (CRW) will permanently close. All affected employees will be retrenched effective 31 August 2025. According to Assmang, this decision was reached after a comprehensive revie…

Patrice Motsepe’s ARM to cut jobs, shut loss-making plant

Key PointsAfrican Rainbow Minerals to close loss-making Cato Ridge manganese plant, cutting hundreds of jobs by August 2025. Assmang sells assets worth R453 million ($26 million) and divests Malaysian stake to boost ARM’s liquidity amid mining sector pressures. ARM’s headline earnings drop 49% as commodity prices fall; company pivots strategy amid environmental and market challenges.African Rainbow Minerals (ARM), the diversified mining company …

ARM closes Cato Ridge, sells out of Sakura Ferroalloys

PATRICE Motsepe’s sprawling mining conglomerate, African Rainbow Minerals (ARM), has restructured manganese processing activities held through Assmang, with the closure of the Cato Ridge ferromanganese smelter, sale of the properties to Assore and disposal of Assmang’s stake in Sakura Ferroalloys to Assore. “Decisively addressing these business interests of Assmang has been an important strategic imperative for ARM,” the group said. Assmang, whi…