http://www.engineeringnews.co.za
R/€ = 16.08 Change: 0.01
R/$ = 14.04 Change: 0.17
Au 1224.24 $/oz Change: 8.75
Pt 854.00 $/oz Change: 12.21
 

Topic

R2.7bn approved for Gloria project – Assore

By: Martin Creamer     7th September 2018 Capital expenditure (capex) of R2.7-billion has been approved for the modernisation and optimisation of Assmang’s Gloria Manganese Mine at Black Rock in the Northern Cape, Assore CEO Charles Walters told Mining Weekly Online on Thursday. Assore owns 50% of Assmang, which it controls jointly with... 

Manganese star performer, more stability in iron-ore price – Assore

By: Martin Creamer     6th September 2018 Manganese was the star performer for diversified mining company Assore in the 12 months to June 30, when the Johannesburg Stock Exchange-listed record-performer experienced greater stability in iron-ore pricing but also chrome price volatility caused by global tariff uncertainty. In reporting... 

Assore posts record sales, output, earnings, dividend

By: Martin Creamer     6th September 2018 Diversified mining company Assore on Thursday posted record-upon-record in what has been an outstanding 12 months for the JSE-listed chrome ore, manganese ore and iron-ore producer that also bettered its lost time injury frequency rate in the period but sadly suffered a fatality. The 12 months to... 

Transnet signs manganese capacity allocation contract with Assmang

By: Anine Kilian     25th July 2018 State-owned Transnet has signed a seven-and-a-half-year Manganese Export Capacity Allocation (MECA2) contract with Assmang as part of its strategy to secure 95% of manganese volumes on rail. The contract, which will see the transportation of export manganese from pit to port, offers Assmang, the... 

NUM, Solidarity sign three-year wage agreement with Assmang

By: Natasha Odendaal     26th September 2017 Trade unions the National Union of Mineworkers (NUM) and Solidarity have secured a three-year wage agreement with iron-ore and manganese miner Assmang at its operations in the Northern Cape. Assmang, a joint venture between Assore and African Rainbow Minerals, operates the Khumani iron-ore mine,... 

Assore posts record headline earnings of R5.2bn as commodity prices rebound

By: Ilan Solomons     30th August 2017 Mining investment holding company Assore achieved a 199% increase in headline earnings to R5.2-billion for the financial year to June 30, compared with R1.7-billion in the previous year. Attributable earnings amounted to R5-billion, which was an improvement of 226% from 2016, which was also a... 

Impairments drag ARM into narrowed loss

By: Martin Creamer     16th March 2017 Diversified mining company African Rainbow Minerals (ARM) on Thursday reported a narrowed basic earnings loss of R254-million in the six months to December 31. The loss resulted mainly from attributable impairments of the Nkomati nickel and Modikwa platinum mines totalling R1.4-billion after tax... 

Assore earnings down on global iron-ore, manganese oversupply

By: Martin Creamer     7th September 2016 Base mineral and metals mining company Assore, which released financial results for the 12 months to June 30 on Wednesday, reported 11.7% lower headline earnings to R1.7-billion for the financial year. The Johannesburg Stock Exchange-listed company, chaired by Des Sacco, reported a poor ongoing... 

Oversupply, low prices dent Assore’s H1 earnings

By: Megan van Wyngaardt     19th February 2016 Oversupply and low prices in the commodities in which it trades have contributed to a 25.4% decline in JSE-listed Assore’s headline earnings a share to 715c for the six months ended December 31, compared with 959c in the six months to December 2014. This translated into a decrease in headline... 

Assore, ARM enter agreements for R450m Dwarsrivier sale

By: Natasha Odendaal     25th June 2015 Definitive agreements have been inked for Assore’s R450-million buyout of African Rainbow Minerals’ (ARM’s) 50% indirect interest in the Dwarsrivier chrome mine, in Mpumalanga. The deal would see Assore gain full ownership of the mine, which was owned and operated by Assore and ARM’s joint... 

Company completes R5.8m dust-removal system installation

By: Bruce Montiea     1st May 2015 Environmental management company I-Cat Environmental Solutions completed the installation of a R5.8-million ScrubMist dust-removal system at diversified miner Assmang’s Beeshoek iron-ore mine, in Northern Cape,  earlier this month. I-Cat director Anton van der Merwe tells Engineering News that... 

Assore’s H1 headline earnings down nearly 60%

By: Ilan Solomons     27th February 2015 JSE-listed mining holding company Assore’s headline earnings for the six months ended December 31, 2014, declined by 59.2% to R990-million, mainly owing to the lower headline earnings recorded by its 50%-owned iron-ore and ferroalloy subsidiary Assmang. The subsidiary’s headline earnings fell by... 

Assore’s H1 headline earnings down nearly 60%

By: Ilan Solomons     11th February 2015 JSE-listed mining holding company Assore’s headline earnings for the six months ended December 31, had declined by 59.2% to R990-million, mainly owing to the lower headline earnings recorded by its 50%-owned iron-ore and ferroalloy subsidiary Assmang. The subsidiary’s headline earnings fell by... 

Solidarity, Assmang discuss alternatives to proposed retrenchments

By: Leandi Kolver     17th September 2014 Trade union Solidarity on Wednesday said it had been in discussions with the management of mining company Assmang, in Machadodorp, Mpumalanga, in an attempt to find alternatives to the retrenchment of as much as 60% of its employees. Solidarity said Assmang had, this month, sent the union a... 

Platinum, iron-ore, manganese boost ARM’s FY earnings

By: Chantelle Kotze     4th September 2014 The headline earnings of black-controlled JSE-listed African Rainbow Minerals (ARM) increased 10% to R4.11-billion for the year ended June 30, the diversified mining company reported on Thursday. This increase was primarily owing to a significant improvement in ARM Platinum and ARM Ferrous, the... 

Assore announces record full-year earnings

By: Leandi Kolver     3rd September 2014 JSE-listed mining holding company Assore posted record headline earnings of R4.2-billion for the year ended June 30, up 19.7% on that of the prior year. It attributed the higher headline earnings to the fact that its 50%-owned subsidiary Assmang had recorded a 16.6% year-on-year increase in... 

Assmang expects 2014 earnings jump despite price declines

By: Natalie Greve     8th August 2014 Despite volatile and declining iron-ore prices during the second half of the 2014 financial year, mining holding group Assore expects headline earnings to increase from R3.5-billion in 2013 to between R4-billion and R4.5-billion for the year ended June 30. Average prices for the group’s products... 

Assmang secures 19.9% of manganese asset developer

By: Natalie Greve     29th April 2014 Assmang has entered into a share subscription agreement with iron-ore prospecting company IronRidge Resources, which will see the manganese asset developer subscribing for a 19.9% equity interest in the Australia-listed group for £11.74-million. IronRidge was currently focused on the exploration... 

Assore doubles H1 earnings, declares dividend

By: Natalie Greve     12th February 2014 JSE-listed mining holding company Assore has increased its headline earnings for the six months to December 31 by a dramatic 119.4% to R2.4-billion, largely on the back of a 104.4% earnings jump by its 50%-owned subsidiary Assmang, which posted headline earnings of R4.3-billion for the period.... 

Company plans to localise part of operation, creating new jobs

By: Ilan Solomons     20th September 2013 Energy efficient technology solutions provider i4 Power Technology  (i4PT) group plans to start manufacturing some its products locally, including its heating and cooling solutions, in the next 9 to 12 months, i4 Group CEO Ajay Jekison tells Engineering News. He says the company currently... 

I-CAT Environmental Solutions

30th August 2013 Established eight years ago, Johannesburg-based I-CAT Environmental Solutions has grown to become a leading environmental management company in South Africa, where its clients include major mining groups like Anglo American, DRDGold, Assmang, Kumba Iron Ore, Exxaro, First Quantum, Xstrata and... 

Assore expects lower FY headline earnings

By: Creamer Media Reporter      19th August 2013 JSE-listed Assore said on Monday that it would report a marginal decrease in headline earnings for the 2013 financial year next week. Headline earnings were seen in the range of R3.35-billion to R3.65-billion, from R3.7-billion in the previous financial year. 

Assmang completes DFS for Malaysia manganese smelting facility

By: Idéle Esterhuizen     19th June 2013 Diversified miner African Rainbow Minerals (ARM) on Wednesday reported that mining group Assmang, which it jointly controlled with Assore, had completed a definitive feasibility study to establish the financial viability of a manganese alloy smelting facility in Malaysia. Assmang, in... 

Least-mined Bushveld SA’s biggest iron-ore resource

By: Martin Creamer     4th June 2013 South Africa’s Bushveld Complex was the country’s largest but least-mined iron-ore resource, independent South African mineral policy analyst Paul Jourdan told the International Mining and Metals third African Iron Ore conference here on Tuesday. While the Bushveld hosted between 25-billion tons... 

Academy accredited to offer instrumentation, rigging training

By: Samantha Herbst     31st May 2013 Level 1 broad-based black economic-empowerment training academy the Artisan Training Institute (ATI), formerly the Ikhaya Fundisa Techniskills Academy, can now offer training in instrumentation and rigging to potential candidates, after finalising accreditation from the Mining Qualifications... 

Solidarity seeks interdict against Assmang terminating recognition agreement

By: Natalie Greve     22nd April 2013 Trade union Solidarity on Friday said it had filed an urgent application for an interim interdict to prevent mining group Assmang from terminating the union’s recognition agreement with the company and implementing a unilateral agency agreement. It said Assmang, a joint undertaking of African... 

Assore H1 headline earnings slump 46.5%

By: Natalie Greve     13th February 2013 Mining holding company Assore on Wednesday reported that its headline earnings for the six months to December 31, 2012, decreased by 46.5% to R1.1-billion from R2.06-billion in the six months ended December 2011. This was chiefly the result of decreased earnings from its 50%-owned manganese ore... 

Assore reports record year for earnings, iron-ore sales

By: Megan van Wyngaardt     3rd September 2012 JSE-listed mining group Assore on Monday reported a 15% increase in headline earnings for the year ended June, owing to higher sales volumes of iron-ore. The iron-, manganese- and chrome-ore company, which owns 50% of Assmang, said that its earnings had increased to R3.7-billion, for the 12... 

African Rainbow Minerals restructures board 

By: Natasha Odendaal     1st June 2012 JSE-listed African Rainbow Minerals (ARM) on Friday announced that as of June 1, the group would reduce the number of executive directors serving on the board from eight, to five. The company said that it would retain the former executive directors as full-time executives within the company. 

Sishen-Saldanha iron-ore export channel expansion, South Africa.

By: Sheila Barradas     25th May 2012 A throughput rise to 83-million tons a year is being proposed for the Sishen-Saldanha iron-ore export channel. 

First blast at new Kalahari manganese mining project

By: Martin Creamer     8th May 2012 The first blast took place on Tuesday at the new R1.5-billion Kudumane manganese mining project near Hotazel in the Northern Cape. Mineral Resources Minister Susan Shabangu conducted the official opening of what is the fourth new black-controlled manganese mining development under way in South... 

First
Prev
1
Next
Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close