Overview Group at a glance

Joint-venture entity (Assmang)				Subsidiary companies
Iron Ore division (refer here)		Manganese division (refer here)		Dwarsrivier Chrome Mine (refer here)
Iron ore		Manganese ore and alloys		Operational and technical advice
Type of operation Mining, crushing, screening and jigging of run-of-mine ore and tertiary recovery of fine iron ore product Description		Type of operation Mining, crushing, washing and screening of ore Smelting of ferromanganese Production of refined ferromanganese Description		Type of operation Chrome ore mining and beneficiation   Description
Iron ore is mined in the Northern Cape province in open-cast operations at the Khumani Iron Ore Mine which is located near Kathu in the Northern Cape and at the Beeshoek Iron Ore Mine which is located outside Postmasburg. The ore produced is sold both on the export market and locally.		Various grades of manganese ore are mined at the Nchwaning and Gloria mines, located in the Black Rock area of the Northern Cape province, and manganese alloys are produced at the Cato Ridge Works in KwaZulu-Natal. Cato Ridge Alloys, a joint venture with Japanese partners, produces refined ferromanganese at the Cato Ridge Works. Feed for the Cato Ridge Works is derived mainly from Assmang’s manganese mines. The ore and alloy produced are both sold on the export market and locally. Sakura Ferroalloys, a joint venture smelting operation in Malaysia in which Assmang holds a 54,36% stake, produces high carbon ferromanganese from ores sourced on the market. The smelting plant has been designed to allow for switching production capacity to silico manganese. Alloy produced is sold on the export market.		Chrome ore is mined at the Dwarsrivier Chrome Mine in the Limpopo province, located near Steelpoort and Lydenburg. The ore produced is sold both on the export market and locally. With effect from 1 July 2016, Assore owned 100% of Dwarsrivier (refer note 35.1 to the consolidated annual financial statements).
* Note that, in terms of International Financial Reporting Standards (IFRS), Assmang is accounted for on the equity accounting basis. Therefore, “Revenue generated”, which is stated at 50% of its reported figure, as included in this analysis, does not form part of the group’s reported revenue as reported in terms of IFRS.
Wonderstone (refer here)		Ore & Metal Company (refer here)		African Mining and Trust Company (refer here)
Wonderstone		Marketing and distribution		Operational and technical advice
Type of operation Mining and beneficiation of Wonderstone, and installation of ceramic products   Description		Type of operation Marketing of minerals and alloys in the USA Description		Type of operation Operational management, exploration and technical adviser   Description
The company mines a type of pyrophyllite which, for trade purposes, is referred to as Wonderstone. The bulk of the material mined is beneficiated to produce high-precision components manufactured to customers’ specification and are exported to the United States of America, the United Kingdom and the Far East. The company also supplies and installs ceramic wear linings through a subsidiary on a project basis.		Ore & Metal Company Limited is responsible for the marketing, sales and shipping of all the group’s products, including those produced by the three divisions of Assmang. Strong relationships have been established with customers in Europe, North America, South America, India and the Far East.		African Mining and Trust Company Limited is technical adviser to Assmang and other group companies and provides operational management services to group mines and plants.
Rustenburg Minerals and Zeerust		Minerais U.S. LLC (refer here)
Chrome ore		Marketing and distribution, USA
Type of operation Chrome ore mining and beneficiation Description		Type of operation Marketing of minerals and alloys in the USA Description
The processing and sales of the last remaining chromite and low grade ores were completed whilst rehabilitation of selected mining areas has commenced. All operations relating to either mining or processing have ceased with only rehabilitation or care and maintenance activities ongoing.		Minerais U.S. LLC is responsible for marketing and sales administration of the group’s products in the United States of America (USA), in particular manganese alloys, and trades in various related commodities.
				Revenue generated* Contribution to group revenue Attributable profit Attributable loss

^‡ After impairment charge of R24,3 million charged against goodwill, previously recorded pursuant to the acquisition of Groupline Projects in 2012.
^# After impairment charge of R23,2 million (attributable to the group) recorded against the remaining net book value of assets in Rustenburg Minerals.