Group profile |
Assore Limited (Assore) is a mining holding company engaged principally in ventures involving base minerals and metals. |
The group’s principal investment is a 50% interest in Assmang Limited (Assmang) which it controls jointly with African Rainbow Minerals Limited (ARM). The group, through its various joint venture entities and subsidiary companies, is involved in the mining of manganese, iron and chrome ores together with other industrial minerals and the production of manganese and chrome alloys. The group is also responsible for marketing all products produced, the bulk of which is exported and the remainder either used in the group’s beneficiation processes or sold locally. The company was incorporated in 1950 and its shares are listed on the JSE Limited under “Assore” in the general mining sector. 15,02% of the company’s shares are held by black empowerment entities: Shanduka Resources (Proprietary) Limited (11,76%) and the Bokamoso Trust (3,26%), a broad-based black empowerment community trust. The company also has control over an additional 10,98% of its shares which are earmarked to increase empowerment shareholding |
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