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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.

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Chairman's review

Desmond Sacco
Trading conditions improved during the second half of the financial year, and earnings recovered significantly…

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financial highlights

Gross profit
R7,1 billion
R2,3 billion
2009: R8,8 billion
2009: R4,8 billion
19,7% down
52,5% down

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Assore Annual
Report 2010

» Group at a glance
» Board of directors
» Black economic empowerment
» Consolidated financial statements
» Company financial statements

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