Markets for the group's products were favourable over the past financial year. The strength in our markets which was evident in the last quarter of 2017 continued into 2018.
Refer to Chief executive officer's report
Iron ore is mined in the Northern Cape province in open-pit operations at the Khumani Iron Ore Mine which is located near Kathu and at the Beeshoek Iron Ore Mine which is located outside Postmasburg. The ore produced is sold both on the export market and locally.
| R15 135,3m (2017: R16 399,0 million) |
Revenue generated | ||
| R3 343,5m (2017: R4 372,6 million) |
Attributable profit |
Refer to Chief executive officer's report
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.
| R12 859,6m (2017: R10 238,1 million) |
Revenue generated | ||
| R3 772,0m (2017: R2 181,6 million) |
Attributable profit |
Refer to Chief executive officer's report
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.
| R3 892,8m (2017: R3 410,4 million) |
Contribution to
group revenue |
||
| R875,4m (2017: R843,2 million) |
Attributable profit |
Refer to Chief executive officer's report
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, Refer to Chief executive officer's report South America, India and the Far East.
| R831,0m (2017: R783,2 million) |
Contribution to
group revenue |
||
| R409,8m (2017: R383,8 million) |
Attributable profit |
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.
| R488,1m (2017: R461,4 million) |
Contribution to group revenue |
||
| R164,6m (2017: R181,3 million) |
Attributable profit |
Refer to Chief executive officer's report
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 Refer to Chief executive officer's report commodities.
| R2 444,8m (2017: R2 364,4 million) |
Contribution to group revenue |
||
| R65,3m (2017: R97,3 million) |
Attributable profit |
Refer to Chief executive officer's report
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 Refer to Chief executive officer's report the Far East.
| R53,4m (2017: R81,1 million) |
Contribution to
group revenue |
||
| R1,43m (2017: R5,07 million) |
Attributable profit |
|
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