HISTORY OF THE GROUP
| 1928 - 1934 | 1935 - 1950 | 1951 - 1971 |
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| Gloucester Manganese Mines | AMT partnered with Anglo Transvaal | Ferralloys Limited incorporated in 1957. |
| (Postmasburg) Limited established by | Consolidated Investment Company | First production of ferromanganese at |
| Guido Sacco in 1928. | Limited (Anglovaal) to form The | Cato Ridge Works by Assmang (1959). |
| Formation of Ore & Metal Company | Associated Manganese Mines of South | First production of iron ore by Assmang |
| Limited established (1930) and African | Africa Limited (Assmang). | at Beeshoek, and export through Durban |
| Mining and Trust Company Limited | Acquisition of Wonderstone Mine. | (1960). |
| (AMT) in 1931. | Various prospecting activities and mining | Agency relationship with Sumitomo |
| manganese deposit on farm Gloucester. | Corporation of Japan. | |
| First export of manganese through | First production of charge chrome at | |
| Durban. | Machadodorp by Assmang (1971). | |
| Prospecting for manganese and obtaining of mining lease at Black Rock where the first manganese ore was mined in 1940. Listing on JSE as The Associated Ore and Metal Corporation Limited. | ||
| 1972 – 2001 | 2002 to date |
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| Commissioning of Nchwaning Manganese Ore Mine (1973). Mining of chrome deposit at Zeerust (Zeerust Chrome MinesLimited). Gloria Manganese Ore Mine commissioned in 1979 andNchwaning II mine came into production in 1981 andNchwaning III in 2001. Mining of chrome deposit at Rustenburg (Rustenburg MineralsDevelopment Company (Proprietary) Limited). Mining of chrome deposit by Assmang at Dwarsrivier (1999). Change of name to Assore Limited, and twenty-for-one sharesplit. Beeshoek South Mine expansion commissioned in 1997.Cato Ridge Alloys (CRA), a joint venture to produce refinedferromanganese for export at Cato Ridge, between Assmang’sFerralloys Limited and Japanese partners established in 1996. |
First production of manganese ore from Nchwaning III. Acquisition of minorities in, and delisting of Assmang, and joint-venture agreement with African Rainbow Minerals Limited (ARM) in relation to Assmang’s operations. Assmang’s Khumani Iron Ore Mine established, following issue of new-order mining rights, and increase of production to 10 million sales tons per annum. Conclusion of empowerment transactions, whereby 11,76% and 3,26% of Assore’s shares respectively were sold to Shanduka Resources and the Bokamoso Trust respectively. Conclusion of Second Empowerment Transaction, whereby a further combined effective 11,05% of Assore’s shares were acquired by the Bokamoso Trust (refer “Black economic empowerment” report). |
