Assmang

Assmang Proprietary Limited, a company incorporated in the Republic of South Africa and its joint venture and subsidiary companies. The Company mines manganese ore at the Black Rock Mining Complex and iron ore at Khumani and Beeshoek Mines in the Northern Cape Province. The Company also produces manganese alloys at its works at Cato Ridge in the Kwazulu-Natal province and at Machadodorp in the Mpumalanga province. Cato Ridge Alloys Proprietary Limited, a joint venture between the Company and Mizushima Ferroalloys Company Limited (40%) and Sumitomo Corporation (10%), both of Japan, produces refined manganese alloys at Cato Ridge Works. Assmang (54.36%), together with two other shareholders, Simihomo Corporation (26.64%) and China Steel Corporation (19%) own a manganese alloys plant in Malaysia, called Sakura Ferroalloys SDN. BHD. Incorporated in 1935, the Group employs 6 567 permanent employees and operates as three divisions, namely iron ore, manganese and chrome. Assmang is controlled jointly by Assore Limited and African Rainbow Minerals (which each holding 50%) of the issued share capital and voting rights of the Company. Both shareholders are listed on the JSE Limited. The bulk of the Groups production is exported to the Asia, Europe, India and the United States of America.