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 iron, manganese 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.

26,07% of the company’s shares are controlled by black economic empowerment entities: the Bokamoso Trust (14,28%), a broad-based black economic empowerment community trust, and Shanduka Resources (Proprietary) Limited (11,79%). The Minerals and Petroleum Resources Development Act requires that 26% of mining companies’ shares are controlled by historically disadvantaged South Africans by 2014.