Integrated Annual Report 2012
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Organisational overview and activities
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- Group at a glance
- Location of markets
- Location of operations
- Group structure of operating companies
- Governance structure
Risks and opportunities
- Operating context
Strategic objectives
- Strategy
- Key performance indicators
Operational review and commentary
Future performance objectives
Remuneration
Financial highlights
Organisational overview and activities
Group at a glance
Joint venture entity (Assmang)
IRON ORE DIVISION |
MANGANESE DIVISION |
CHROME DIVISION |
COMMODITY MINED |
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Iron ore (see here) |
Manganese ore (see here) |
Chrome ore (see here) |
TYPE OF OPERATION |
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Mining, crushing, screening and dense medium jigging |
Mining, crushing, washing and screening of ore Smelting of ferromanganese Production of refined ferromanganese |
Mining, crushing and concentrating of ore Pelletising of ore and smelting and production of ferrochrome |
DESCRIPTION |
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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. |
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 and at the Machadodorp Works in Mpumalanga. Cato Ridge Alloys, a joint venture with Japanese partners, produces refined ferromanganese at the Cato Ridge Works. Feed for the Cato Ridge Works is derived mainly from Assmang’s manganese mines and the bulk of both ore and alloy production is exported. |
Chrome ore is mined at the Dwarsrivier Mine near Lydenburg in Mpumalanga province and is either supplied to the Machadodorp Ferrochrome Works or exported. |
ATTRIBUTABLE PROFIT/(LOSS) R million |
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2012: R2 917,8 | 2012: R611,6 | 2012: (R87,4) |
2011: R2 325,5 | 2011: R684,9 | 2011: (R116,9) |
Subsidiary companies
RUSTENBURG MINERALS DEVELOPMENT COMPANY |
ZEERUST CHROME MINES |
WONDERSTONE |
COMMODITY MINED |
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Chrome ore (see here) |
Chrome ore (see here) |
Wonderstone (see here) |
TYPE OF OPERATION |
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Mining and concentrating of ore |
Concentrating of chrome ore tailings |
Mining and beneficiation of Wonderstone and manufacture of ceramic products |
DESCRIPTION |
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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 2013. The underground operations will replace the existing opencast operations. |
Chrome ore tailings are processed at the Zeerust Chrome Ore Mine, located in the vicinity of Zeerust in the North West province. |
The company mines a type of pyrophyllite, which, for trade purposes, is referred to as Wonderstone. The bulk of the material mined is beneficiated to produce high precision components manufactured to customers’ specification and 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. These tiles are also installed on a project basis in certain cases. |
ATTRIBUTABLE PROFIT/(LOSS) R million |
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2012: R17,5 | 2012: (R53,4) | 2012: (R7,0) |
2011: R17,4 | 2011: (R8,4) | 2011: R2,6 |
ORE & METAL COMPANY |
MINERAIS U.S. LLC |
AFRICAN MINING AND TRUST COMPANY |
TYPE OF OPERATION |
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Marketing, sales and shipping of products (see here) |
Marketing of minerals and alloys in USA (see here) |
Operational management, exploration and technical adviser (see here) |
DESCRIPTION |
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Ore & Metal Company Limited is responsible for the marketing, sales and shipping of all the group’s 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. |
Minerais U.S. LLC is a trading company, and responsible for marketing and sales administration of the group’s products in the USA, in particular manganese and chrome alloys, and trades in various related commodities. |
African Mining and Trust Company Limited is technical adviser to Assmang and other group companies and provides operational management to group mines and plants. |
ATTRIBUTABLE PROFIT/(LOSS) R million |
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2012: R254,6 | 2012: R5,9 | 2012: R147,6 |
2011: R187,5 | 2011: R11,4 | 2011: R134,1 |