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July 03, 2015 11:56 AM ET

Metals and Mining

Company Overview of Assmang Limited

Company Overview

Assmang Limited mines manganese, iron, and chrome ores. The company also produces manganese alloys, chrome and manganese alloys, and refined ferromanganese. It exports products to the Far East, India, Europe, and the United States. Assmang Limited was formerly known as Associated Manganese Mines of South Africa Limited and changed its name to Assmang Limited in May 2001. The company was founded in 1935 and is based in Sandton, South Africa. Assmang Limited operates as a joint venture between African Rainbow Minerals Limited and Assore Limited.

24 Impala Road

Chislehurston

Sandton,  2146

South Africa

Founded in 1935

2,865 Employees

Phone:

27 11 779 1000

Fax:

27 11 779 1029

Key Executives for Assmang Limited

Chairman and Managing Director
Age: 75
Deputy Chairman and Member of Operations Committee
Age: 61
Financial Manager of Chrome Alloys
Senior General Manager of Beeshoek Mine
Senior General Manager of Khumani Mine
Compensation as of Fiscal Year 2015.

Assmang Limited Key Developments

Assmang Will Close One Cato Ridge Furnace

Assmang will close one of the four furnaces at its Cato Ridge manganese alloys smelter, due to low prices and rising electricity costs. The company said it will adjust the size of its workforce in line with that needed to operate three furnaces. The company's Cato Ridge Alloys refined alloy joint venture will be unaffected and will keep producing at its capacity.

Assmang Limited Announces Unaudited Earnings Results for the Half Year Ended December 31, 2013

Assmang Limited announced unaudited earnings results for the half year ended December 31, 2013. Headline earnings for the period was increased by 104.4% to ZAR 4.3 billion compared to the same period in the previous financial year. The weaker rand/US dollar exchange rate contributed significantly to turnover, which increased by 33.5% over the previous period. Capital expenditure amounted to ZAR 1.5 billion against ZAR 2.3 billion a year ago.

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Recent Private Companies Transactions

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