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
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Gloucester Manganese Mines (Postmasburg) Limited established by Guido Sacco
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Ore & Metal Company Limited (Ore & Metal) was established
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African Mining and Trust Company Limited (AMT) was established
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AMT partnered with Anglo Transvaal Consolidated Investment Company Limited (Anglovaal), now African Rainbow Minerals (ARM), to form Assmang
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Assore acquired Wonderstone Mine in the North-west province
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Manganese mining operations began at Black Rock Mine in the Northern Cape
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Assore was listed on the JSE as Associated Ore & Metal Corporation Limited
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Assmang commenced the production of ferromanganese at Cato Ridge Works in Kwa-Zulu Natal
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Assmang began iron ore mining operations for export at Beeshoek Mine in the Northern Cape
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Assore established an agency relationship with Sumitomo Corporation of Japan
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The Nchwaning I Manganese Ore Mine was commissioned
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Gloria Manganese Ore Mine was established
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Second shaft at Nchwaning Mine came into production, forming Nchwaning II
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Mr Guido Sacco appointed as the President and Mr Desmond Sacco appointed as the Chairman
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Assmang refined ferromanganese at Cato Ridge Alloys (CRA)
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Beeshoek South Mine expansion was commissioned
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The Associated Ore & Metal Corporation Limited was renamed Assore Limited
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Assmang commissioned Dwarsrivier Chrome Mine
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Nchwaning III was commissioned.
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Assmang’s Khumani Iron Ore Mine was established.
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Assore acquired minorities in Assmang and finalised a 50/50 joint venture agreement with ARM.
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Approval of the Khumani Iron Ore Mine expansion project to increase design capacity of iron ore output
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26.1% BEE control, following the conclusion of the third empowerment transaction (now Assore South Africa)
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The construction of Sakura Ferroalloys commenced.
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Investment in Iron Ridge Resources (now Atlantic Lithium)
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Assore acquired the remaining 50% of Dwarsrivier Chrome Mine from Assmang.
Commissioning of first Ferromanganese Furnace at Sakura Ferroalloys. -
A second furnace was added at Sakura Ferroalloys by Assmang.
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Conclusion of the disposals of Machadodorp Works (by Assmang).
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Assore was delisted from the JSE on May 26.
Incorporation of Assore International Holdings Limited (AIH) -
Assore invested in Gemfields, acquired Minmet, and increased its holdings in Minerais US LLC
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Ore & Metal International UK was incorporated on 8 April 2022. Assore invested in Vision Blue Resources (VBR)
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Establishment of Ore & Metal Singapore, a JV with Sumitomo Corporation