Background information off the Forbes website. Suspect that they know a winner when they see it. Hoping this is not the start of a take over but a passive long-term investment.
About Assore
Assore Limited (Assore) is a mining holding company engaged principally in ventures involving base minerals and metals. The Company's principal investment is a 50% interest in Assmang Limited (Assmang), which it controls jointly with African Rainbow Minerals Limited (ARM). The Company, through its various joint-venture entities and subsidiary companies, is involved in the mining of iron, manganese and chrome ores together with other industrial minerals and the production of manganese and chrome alloys. The Company's segment includes Joint-venture mining and beneficiation, Marketing and shipping and Other mining and beneficiation. The Company's iron ore division is made up of the Beeshoek Mine located on the farms Beeshoek 448 and Olynfontein 475, and the Khumani Mine situated on the farms Bruce 544, King 561 and Mokaning 560. The Beeshoek mining lease (ML3/93) consists of an area of 5 686 hectares and is located on the farms Beeshoek (448) and Olynfontein (475).
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