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Corporate Profile
Assmang Limited is a company incorporated in the Republic of South Africa to supply raw material to the world's steel mills and alloy plants. The company was formed in 1935, and listed on the Johannesburg Stock Exchange in 1936; however Assmang Limited was delisted in February 2006.
Assmang Limited is jointly controlled by Assore Limited and African Rainbow Minerals Limited (ARM) through a longstanding arrangement between the two major shareholders. The company is run through an Operations Committee made up of 4 Assmang Board Directors, two each appointed by Assore and ARM reporting to the Assmang Board.
ARM is responsible for the day-to-day management of the operations while two Assore subsidiary companies, Ore & Metal Company Limited and African Mining and Trust Company, are the marketing, sales & shipping agents and the technical advisors respectively.
Assmang Limited was originally named The Associated Manganese Mines of South Africa Limited; it changed its name 30 May 2001. Assmang currently has three operating divisions based on its three commodities namely chrome, manganese and iron ore. Although each division operates independently, together they strive to achieve optimum efficiencies.
Assmang's Manganese Division consists of the manganese mines in the Northern Cape Province of South Africa, namely N’Chwaning and Gloria mine, and the ferromanganese works at Cato Ridge in the KwaZulu-Natal province. The Chrome Division consists of the Dwarsrivier chrome mine and the Machadodorp ferrochrome works both in the Mpumalanga Province, while the Iron Ore Division is made up of the high grade Khumani Mine and the Beeshoek Mine both situated in the Northern Cape Province, around the towns of Kathu and Postmasburg.