Integrated Annual Report 2011
Home > Integrated report > Group at a glance
Integrated report
Profile
Organisational overview and activities
- Business model
- Assurance
- History of the group
- Group at a glance
- Group structure of operating companies
- Location of operations
- Governance structure
Risks and opportunities
- Operating context
Strategic objectives
- Strategy
- Key performance indicators
Organisational performance
- Financial highlights
- Operational review and commentary
Future performance objectives
Remuneration
Organisational overview and activities
Group at a glance
OPERATING ENTITIES | COMMODITY MINED | TYPE OF OPERATION | DESCRIPTION | ATTRIBUTABLE PROFIT/(LOSS) |
Joint-venture entity (Assmang) | Rmillion | |||
IRON ORE DIVISION | Iron ore | Mining, crushing, screening and dense medium jigging | Iron ore is mined in the Northern Cape in open-cast operations at the Khumani Iron Ore Mine which is located near Kathu in the Northern Cape and at the Beeshoek Iron Ore Mine which is located outside Postmasburg. The bulk of the ore is exported. | 2011: R2 325,5 2010: R 718,3 |
MANGANESE DIVISION | Manganese | Mining, washing and screening of ore Smelting of ferromanganese Production of refined ferromanganese |
Various grades of manganese ore are mined at the Nchwaning and Gloria mines, located in the Black Rock area of the Northern Cape province and manganese alloys are produced at the Cato Ridge Works in KwaZulu-Natal. Cato Ridge Alloys, a joint venture with Japanese partners, produces re ned ferromanganese at the Cato Ridge Works. Feed for the Cato Ridge Works is derived from Assmangs manganese mines and the bulk of both ore and alloy production is exported. | 2011: R 684,9 2010: R 740,1 |
CHROME ORE DIVISION | Chrome ore | Mining and concentrating of ore Pelletising of ore and smelting and production of ferrochrome |
Chrome ore is mined at the Dwarsrivier Mine near Lydenburg in Mpumalanga province and is either supplied to the Machadodorp Ferrochrome Works or exported. | 2011: (R 116,9) 2010: (R 92,3) |
Subsidiary companies | ||||
RUSTENBURG MINERALS DEVELOPMENT COMPANY | Chrome ore | Mining and concentrating of ore | Chrome ore is mined near Rustenburg in open-cast operations and production is supplied mainly to the local market. The company has recently completed one of two planned decline shafts with the other shaft expected to be commissioned at the end of 2011. The underground operations will replace the existing open-cast operations. | 2011: R31,0 2010: R 8,2 |
ZEERUST CHROME MINES | Chrome ore | Mining and concentrating of ore of chrome | Chrome ore is mined at the Zeerust Chrome Ore Mine, located in the vicinity of Zeerust in the North West province. | 2011: (R8,4) 2010: (R3,2) |
WONDERSTONE | Wonderstone | Mining and beneficiation of Wonderstone and manufacture of ceramic products | The company mines a type of pyrophyllite, which, for trade purposes, is referred to as Wonderstone. The bulk of the material mined is bene ciated to produce high-precision components manufactured to customers speci cation which are exported to the United States of America and the United Kingdom. The company also produces a range of wear and acid-resistant tiles and ceramic products used mainly for chute liners in the local mining industry. | 2011: R2,6 2010: (R4,3) |
ORE & METAL COMPANY | Non-mining operation | Marketing, sales and shipping of products | Ore & Metal Company Limited is responsible for the marketing, sales and shipping of all the groups products, including those produced by the three divisions of Assmang. Strong relationships have been established with customers in Europe, North America, South America, India and the Far East. | 2011: R187,5 2010: R126,9 |
MINERAIS U.S. LLC | Non-mining operation | Marketing of minerals and alloys in USA | Minerais U.S. LLC is a trading company, and responsible for marketing and sales administration of the groups products in the USA, in particular manganese and chrome alloys, and trades in various related commodities. | 2011: R11,4 2010: R17,3 |
AFRICAN MINING AND TRUST COMPANY | Non-mining operation | Operational management, exploration and technical adviser | African Mining and Trust Company Limited is technical adviser to Assmang and other group companies and provides operational management to group mines and plants. | 2011: R134,1 2010: R 81,6 |