Integrated Annual Report 2019

Group timeline

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

  2. Formation of Ore & Metal Company Limited (Ore & Metal)

  3. Formation of African Mining and Trust Company Limited (AMT)

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

  5. Acquisition of the Wonderstone Mine

  6. Various prospecting activities and mining manganese deposit on farm Gloucester and adjoining farms

  7. Export of manganese through Durban

  8. Obtaining of mining lease at Black Rock where initial manganese mining operation commenced

  9. The listing of Assore on the JSE as The Associated Ore & Metal Corporation Limited

  10. Alloy producer, Ferroalloys Limited, incorporated by Assmang

  11. First production of ferromanganese at the Cato Ridge Works by Assmang

  12. First mining of iron ore by Assmang at Beeshoek, and exported through Durban

  13. Agency relationship established with Sumitomo Corporation of Japan

  14. Commissioning of the Nchwaning Manganese Ore Mine

  15. Gloria Manganese Ore Mine commissioned

  16. Nchwaning II Mine came into production

  17. Cato Ridge Alloys (CRA), a joint venture incorporated to produce refi ned ferromanganese for export at Cato Ridge, between Assmang's Ferroalloys Limited and Japanese partners

  18. Beeshoek South Mine expansion commissioned

  19. Mining of chrome deposit by Assmang at Dwarsrivier.

  20. First mining of manganese ore from Nchwaning III.

  21. Assmang's Khumani Iron Ore Mine established, following issue of new-order Mining Rights, and increase of production to 10 million sales tons

  22. Acquisition of minorities in, and delisting of, Assmang and finalisation of 50/50 joint venture agreement with ARM

  23. Approval of the Khumani Expansion Project to increase design capacity of iron ore output to 14 million tons per annum

  24. 5-for-1 sub-division of ordinary shares. Conclusion of second empowerment transaction, whereby a further effective 11,05% of Assore's shares were acquired by the Boleng Trust

  25. Conclusion of third empowerment transaction (subsequent to the fi rst empowerment transaction concluded in 2005), whereby 11,79% of Assore shares were bought back from Shanduka Resources and disposed of to its broad-based empowerment trusts being the Fricker Road Trust and Assore Employee Trust (refer "Black economic empowerment status report")

  26. First distributions made by empowerment trusts (R7,2 million) and to employees by employee trust (R13,2 million)

    Construction of Sakura Ferroalloys commences

  27. Conclusion of the acquisition of the remaining 50% of Dwarsrivier from ARM. Commissioning of first ferromanganese furnace at Sakura Ferroalloys

  28. First full year of 100% inclusion of Dwarsrivier in the group. Successful commissioning of second furnace at Sakura Ferroalloys by Assmang

  29. Conclusion of the disposals of Machadodorp Works by Assmang and Zeerust, Rustenburg Minerals and Group Line Projects (subsequent to year-end)