Assore Ltd

Overview

Assore Ltd (Assore), a subsidiary of Oresteel Investments (Proprietary) Limited, is a mining holding company with interests in ventures involving base minerals and metals. It is involved in the mining, screening and dense medium jigging of manganese, crushing, iron and chrome ores. Assore, through its subsidiary Wonderstone Limited, produces wonderstone, a type of pyrophyllite and manufactures ceramic products. The company has an Iron ore mine in the Northern Cape province. The iron ore is mined in open-cast operations at the Khumani Iron Ore Mine. Manganese ore is mined at the Nchwaning and Gloria mines, located at the Black Rock area of the Northern Cape Province. The company’s chrome ore mine is at Dwarsrivier Mine near Lydenburg. Assore is headquartered in Johannesburg, South Africa.
Key Stats
Address
Assore House 15 Fricker Road, Illovo Boulevard, Johannesburg, South Africa
Headquarters

South Africa

Contact

27 11 7706800

Website
www.assore.com
No of Employees

1,203

Industry

Metals and Mining

Peer Comparison

Key Parameters Assore LtdKumba Iron Ore LtdExxaro Resources LtdAfrican Rainbow Minerals Ltd
Key Information
Headquarters South Africa South Africa South Africa South Africa
Headquarter City Johannesburg CENTURION PRETORIA SANDTON
Headquarter State/Province - - - -
No. of Employees 1,203 6,107 6,500 12,678
Entity Type Private Public Public Public

Products & Services

Assore carries out the mining of base minerals and metals. Key products offered by the company include:

Products
  • Iron ore
  • Manganese ore
  • Manganese alloys
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero

Employees

Name Position Board Since Age Biography
Patrick E Sacco Deputy Chief Executive Officer Executive Board 2019 - Mr. Patrick E Sacco has been Deputy Chief Executive Officer of Assore since 2019. Prior to this, he served as...
Charles E Walters Chief Executive Officer Executive Board 2017 51 Mr. Charles E Walters has been the Chief Executive Officer and a Director of Assore Limited since 2017. Prior to...
Bastiaan H van Aswegen Director - Technical and Operations Executive Board 2012 59 Mr.Bastiaan H van Aswegen has been Executive Director of Group Technical and Operations of Assore Limited since 2012. Earlier, Mr....
Desmond Sacco Chairman Non Executive Board 1992 80 Mr. Desmond Sacco has been the Chairman of Assore Limited since 1992. He served in various positions of the company...
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History

Year Event Description
2016 Acquisitions/Mergers/Takeovers The Company acquired the remaining 50% interest in Assmang’s Dwarsrivier Chrome mine from ARM.
2015 Acquisitions/Mergers/Takeovers The company entered into an agreement with African Rainbow Minerals Limited to acquire its 50%…
2013 Contracts/Agreements The company's joint venture, Assmang Limited approved the establishment of a joint venture manganese alloy…
2011 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam
2009 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam
1999 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam

Locations


IronRidge Resources Ltd

Address

L 27 111 Eagle St, BRISBANE
Australia

Telephone

61 7 33030610

Website

www.ironridgeresources.com.au
Assmang Proprietary Ltd

Address

Assore House, 15 Fricker Road, Illovo Boulevard, Johannesburg
South Africa

Telephone

27 11 7706800

Website

www.assmang.co.za
Wonderstone Limited

Address

15 Fricker Road, Illovo Boulevard, Johannesburg
South Africa

Telephone

27 11 770 6845

Website

www.wonderstone.co.za

Deals

Number of Deals
Deal Value (US$ m)

Latest Deals

Announced Date Headline Deal Type Acquirers / Investors / Surviving Entity Issuer / partner / Target
11 May 2020 IronRidge Resources Raises USD1.53 million in Second Tranche Private Placement of Shares Equity Offering Assore Ltd; Vincent Mascolo; Neil Herbert IronRidge Resources Ltd
21 Nov 2018 IronRidge Resources Raises USD7 Million in Private Placement of Shares Equity Offering Assore Ltd; Sumitomo Corp; Neil Herbert; Vincent Mascolo IronRidge Resources Ltd
30 Jun 2017 IronRidge Resources Raises USD10.69 Million in Private Placement of Shares Equity Offering Vincent Mascolo; Sumitomo Corp; Assore Ltd; Nicholas Mather; DGR Global Ltd IronRidge Resources Ltd
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28 Jun 2011 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit