Company Profile

Assmang Limited ("Assmang"), a company incorporated in the Republic of South Africa, mines manganese and iron ores in the Northern Cape Province and chrome ore at Dwarsrivier in the Mpumalanga Province. It also produces manganese alloys at its works at Cato Ridge in the Kwazulu-Natal Province, and chrome alloys at its works at Machadodorp, in the Mpumalanga Province.

Cato Ridge Alloys (Proprietary) Limited ("Cato Ridge Alloys"), a joint venture between Assmang, Mizushima Ferroalloys Company Limited ("Mizushima") and Sumitomo Corporation ("Sumitomo"), produces refined ferro-manganese at the ferro-manganese works. The major portion of the alloy products is exported.

Assmang mines iron and manganese ore near Postmasburg and Hotazel about 700 kilometres south-west of Johannesburg respectively. Most of the Group's production is exported to the Far East, Europe and the United States of America. The balance of production is sold locally, principally manganese ore to the Cato Ridge Works, where it is used in the production of manganese alloys. Assmang's Dwarsrivier chrome ore mine supplies ore to the Machadodorp Works for the production of chrome alloys for the export market.

Formed in 1935 - and listed on the Johannesburg Stock Exchange in 1936 - the Group employs 2 865 permanent employees. Assmang was delisted in February 2006.

A long-standing arrangement exists between ARM and Assore Limited ("Assore") in terms of which they act jointly in the interests of the Group. Both ARM and Assore shares are publicly traded on the Johannesburg Stock Exchange.