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Type of operation
|
|
Description
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 in the market.
The smelting plant has been designed to allow for
switching production capacity to silico manganese.
Alloy produced is sold in the export market.
| * |
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. |
|
|
R12 859,6m
(2017: R10 238,1 million) |
|
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Revenue generated* |
|
|
|
|
R3 772,0m
(2017: R2 181,6 million) |
|
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Attributable profit |
| |
|
|
2018 |
|
|
|
2017 |
|
| Production volumes (Metric tons ’000) |
|
|
|
|
|
|
|
|
| – Black Rock |
|
|
3 717 |
|
|
|
3 069 |
|
| – Sakura |
|
|
244 |
|
|
|
181 |
|
| – Cato Ridge Works |
|
|
151 |
|
|
|
161 |
|
| LTIFR |
|
|
|
|
|
|
|
|
| – Black Rock |
|
|
0,20 |
|
|
|
0,24 |
|
| – Sakura |
|
|
0,26 |
|
|
|
0,23 |
|
| – Cato Ridge Works |
|
|
0,00 |
|
|
|
0,19 |
|
| Total employees and contractors |
|
|
|
|
|
|
|
|
| – Black Rock |
|
|
4 623 |
|
|
|
5 016 |
|
| – Sakura |
|
|
475 |
|
|
|
346 |
|
| – Cato Ridge Works |
|
|
612 |
|
|
|
581 |
|
|
