|
|
|
|
|
|
|
Iron Ore division |
(refer here) |
|
|
Manganese division |
(refer here) |
|
|
Chrome division |
(refer here) |
Iron ore |
|
|
Manganese ore and alloys |
|
|
Chrome ore |
|
|
|
|
|
|
|
Type of operation |
|
|
Type of operation |
|
|
Type of operation |
- Mining, crushing, screening and jigging of run-of-mine ore and tertiary recovery of fine iron ore product
|
|
|
- Mining, crushing, washing and screening of ore
- Smelting of ferromanganese
- Production of refined ferromanganese
|
|
|
- Mining, crushing and concentrating of ore
|
Description |
|
|
Description |
|
|
Description |
Iron ore is mined in the Northern Cape province 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 ore produced is sold both on the export market and locally. |
|
|
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 refined ferromanganese at the Cato Ridge Works. Feed for the Cato Ridge Works is derived mainly from Assmang’s manganese mines. The ore and alloy produced are both sold on the export market and locally. |
|
|
Chrome ore is mined at the Dwarsrivier Chrome Mine in the Limpopo province, located near Steelpoort and Lydenburg. The ore produced is sold both on the export market and locally. With effect from 1 July 2016, Assore owned 100% of Dwarsrivier Chrome Mine (refer note 36 to the consolidated financial statements). |
|
|
|
|
|
|
|
Attributable profit |
|
|
Attributable profit |
|
|
Attributable profit |
2016 |
|
|
2016 |
|
|
2016 |
R1 220,1 million |
|
|
R51,9 million |
|
|
R21,5 million |
(2015: R1 190,7 million) |
|
|
(2015: R47,1 million) |
|
|
(2015: R91,9 million) |
|
|
|
|
|
|
|
Revenue generated* |
|
|
Revenue generated* |
|
|
Revenue generated* |
2016 |
|
|
2016 |
|
|
2016 |
R6 266,3 million |
|
|
R3 333,1 million |
|
|
R946,9 million |
(2015: R6 311,2 million) |
|
|
(2015: R3 576,2 million) |
|
|
(2015: R899,4 million) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wonderstone |
(refer here) |
|
|
Rustenburg Minerals Development Company |
(refer here) |
|
|
Zeerust Chrome Mines |
(refer here) |
Wonderstone |
|
|
Chrome ore |
|
|
Chrome ore |
|
|
|
|
|
|
|
Type of operation |
|
|
Type of operation |
|
|
Type of operation |
- Mining and beneficiation of Wonderstone, and manufacture and installation of ceramic products
|
|
|
- Open-cast mine, on care and maintenance
|
|
|
- Open-cast mine, on care and maintenance
|
Description |
|
|
Description |
|
|
Description |
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 highprecision components manufactured to customers’ specification and are exported to the United States of America, the United Kingdom and the Far East. 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 and installed on a project basis in certain instances. |
|
|
Chrome ore is mined near Rustenburg in open-cast operations and production is supplied mainly to the local market. The open-cast pits have reached the point of depletion and the mine continues to process existing mined and waste materials. Once this process is complete, the mine is scheduled to be placed on care and maintenance. |
|
|
Current market conditions have necessitated that the mine be placed on care and maintenance. |
|
|
|
|
|
|
|
Attributable loss |
|
|
Attributable loss |
|
|
Attributable loss |
2016 |
|
|
2016 |
|
|
2016 |
R(22,0) million‡ |
|
|
R(114,2) million# |
|
|
R(0,5) million |
(2015: R(9,6) million) |
|
|
(2015: R(179,7) million) |
|
|
(2015: R(12,2) million) |
|
|
|
|
|
|
|
Contribution to group revenue |
|
|
Contribution to group revenue |
|
|
Contribution to group revenue |
2016 |
|
|
2016 |
|
|
2016 |
R98,2 million |
|
|
R173,8 million |
|
|
R6,4 million |
(2015: R99,3 million) |
|
|
(2015: R163,9 million) |
|
|
(2015: R76,4 million) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ore & Metal Company |
(refer here) |
|
|
Minerais U.S. LLC |
(refer here) |
|
|
African Mining and Trust Company |
(refer here) |
Marketing and distribution |
|
|
Marketing and distribution, USA |
|
|
Operational and technical advice |
|
|
|
|
|
|
|
Type of operation |
|
|
Type of operation |
|
|
Type of operation |
- Marketing, sales and shipping of ores and alloys
|
|
|
- Marketing of minerals and alloys in the USA
|
|
|
- Operational management, exploration and technical adviser
|
Description |
|
|
Description |
|
|
Description |
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 responsible for marketing and sales administration of the group’s products in the United States of America (USA), in particular manganese 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 services to group mines and plants. |
|
|
|
|
|
|
|
Attributable profit |
|
|
Attributable profit |
|
|
Attributable profit |
2016 |
|
|
2016 |
|
|
2016 |
R271,3 million |
|
|
R11,4 million |
|
|
R101,5 million |
(2015: R223,5 million) |
|
|
(2015: R32,2 million) |
|
|
(2015: R109,8 million) |
|
|
|
|
|
|
|
Contribution to group revenue |
|
|
Contribution to group revenue |
|
|
Contribution to group revenue |
2016 |
|
|
2016 |
|
|
2016 |
R511,5 million |
|
|
R1 763,7 million |
|
|
R334,9 million |
(2015: R428,8 million) |
|
|
(2015: R2 222,1 million) |
|
|
(2015: R318,8 million) |
|
|
|
|
|
|
|