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Scope and boundary

The integrated annual report (IR) of Assore Limited (Assore or group) covers the period 1 July 2011 to 30 June 2012. The group’s financial year ends on 30 June, and unless otherwise indicated or described, the information included in this report refers to the years ended 30 June 2012 and 30 June 2011. The previous IR covered the period 1 July 2010 to 30 June 2011. Where any restatements have been made to any disclosures in the previous IR, these are explained within the relevant sections.

The entities reported on include the following:

  • Assmang Limited (Assmang), jointly controlled by Assore 50% and African Rainbow Minerals Limited (ARM) 50%, which includes the following operations:
    • Khumani Iron Ore Mine (Khumani);
    • Beeshoek Iron Ore Mine (Beeshoek);
    • Black Rock Manganese Mines (Black Rock);
    • Cato Ridge Works (ferromanganese smelter),
    • Cato Ridge Alloys Proprietary Limited (CRA);
    • Dwarsrivier Chrome Mine (Dwarsrivier); and
    • Machadodorp Works (ferrochrome and ferromanganese smelter).

    In addition to determining the strategy and monitoring of the overall management of Assmang in terms of the joint-venture agreement with ARM, Assore has the sole marketing and distribution agency for Assmang’s products and the emphasis on Assmang in this report relates primarily to this role (refer “Business model”).
  • AMT operations, being the subsidiary companies of Assore, which include:
    • Rustenburg Minerals Development Company Proprietary Limited (Rustenburg Minerals);
    • Zeerust Chrome Mines Limited (Zeerust);
    • Wonderstone Limited (Wonderstone); and
    • Head Office operations (Head Office), combining African Mining and Trust Company Limited (AMT) and Ore & Metal Company Limited (Ore & Metal), where relevant.

Report feedback

Feedback on this report can be made directly to Mr RA Davies at rossdavies@assore.com.