Our history

Assore has evolved into a diversified group across geographies, products, and projects since the pioneering times in 1928.


Years of operation


Global locations


Total operational staff in FY23

  1. Gloucester Manganese Mines (Postmasburg) Limited established by Guido Sacco

  2. Ore & Metal Company Limited (Ore & Metal) was established

  3. African Mining and Trust Company Limited (AMT) was established

  4. AMT partnered with Anglo Transvaal Consolidated Investment Company Limited (Anglovaal), now African Rainbow Minerals (ARM), to form Assmang

  5. Assore acquired Wonderstone Mine in the North-west province

  6. Manganese mining operations began at Black Rock Mine in the Northern Cape

  7. Assore was listed on the JSE as Associated Ore & Metal Corporation Limited

  8. Assmang commenced the production of ferromanganese at Cato Ridge Works in Kwa-Zulu Natal

  9. Assmang began iron ore mining operations for export at Beeshoek Mine in the Northern Cape

  10. Assore established an agency relationship with Sumitomo Corporation of Japan

  11. The Nchwaning I Manganese Ore Mine was commissioned

  12. Gloria Manganese Ore Mine was established

  13. Second shaft at Nchwaning Mine came into production, forming Nchwaning II

  14. Mr Guido Sacco appointed as the President and Mr Desmond Sacco appointed as the Chairman

  15. Assmang refined ferromanganese at Cato Ridge Alloys (CRA)

  16. Beeshoek South Mine expansion was commissioned

  17. The Associated Ore & Metal Corporation Limited was renamed Assore Limited

  18. Assmang commissioned Dwarsrivier Chrome Mine

  19. Nchwaning III was commissioned.

  20. Assmang’s Khumani Iron Ore Mine was established.

  21. Assore acquired minorities in Assmang and finalised a 50/50 joint venture agreement with ARM.

  22. Approval of the Khumani Iron Ore Mine expansion project to increase design capacity of iron ore output

  23. 26.1% BEE control, following the conclusion of the third empowerment transaction (now Assore South Africa)

  24. The construction of Sakura Ferroalloys commenced.

  25. Investment in Iron Ridge Resources (now Atlantic Lithium)

  26. Assore acquired the remaining 50% of Dwarsrivier Chrome Mine from Assmang.

    Commissioning of first Ferromanganese Furnace at Sakura Ferroalloys.

  27. A second furnace was added at Sakura Ferroalloys by Assmang.

  28. Conclusion of the disposals of Machadodorp Works (by Assmang).

  29. Assore was delisted from the JSE on May 26.

    Incorporation of Assore International Holdings Limited (AIH)

  30. Assore invested in Gemfields, acquired Minmet, and increased its holdings in Minerais US LLC

  31. Ore & Metal International UK was incorporated on 8 April 2022. Assore invested in Vision Blue Resources (VBR)

  32. Establishment of Ore & Metal Singapore, a JV with Sumitomo Corporation


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