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 Proprietary 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 alloys. The group is also responsible for marketing all products produced by the Assore and Assmang groups, the bulk of which is exported and the remainder either used in the group’s beneficiation processes or sold locally.
The company was incorporated in 1950 and was listed on the JSE for 70 years until its delisting in May 2020.
Post delisting in May 2020 the company is privately held with ownership as follows: Oresteel 63.4%; BEE 31.6%; Sacco Family 5.0% (Group Structure).