Integrated Annual Report 2019


Assore is a mining holding company engaged principally in ventures involving base minerals and metals.

The group's principal investments consist of its 50% interest in Assmang, which it controls jointly with ARM, and its 100% interest in Dwarsrivier. The group, through its various joint-venture entities and subsidiary companies, is involved in the mining of iron, manganese and chrome ores together with other industrial minerals and the production of manganese alloys. The group is also responsible for marketing all products produced by the Assore and Assmang groups, the bulk of which are exported and the remainder either used in the group's beneficiation processes or sold locally.

The company was incorporated in 1950 and its shares are listed on the Johannesburg Stock Exchange (JSE) under "Assore" in the general mining sector.

In total, 26,07% of the company's shares are controlled by two broad-based black economic empowerment community trusts: the Boleng Trust (14,28%), and the Fricker Road Trust (11,79%).