ARM: Closure of Cato Ridge Works and Alloys, disposal of interest in Sakura

ARM has announced a series of strategic transactions involving its 50% held joint venture, Assmang.

These include the permanent closure of the Cato Ridge Works plant, effective 31 August 2025.

Assmang will also sell various land, properties, and houses in Cato Ridge to Assore S.A. PropCo Proprietary Limited for R453 million, with part of the land designated for community benefit. Additionally, Assmang will dispose of its 54.36% stake in Sakura Ferroalloys to Assore, resulting in a R900 million cash distribution to ARM.