ASR - Assore Limited - Assmang Limited (which is jointly controlled by Assore
ASR
ASR
ASR - Assore Limited - Assmang Limited (which is jointly controlled by Assore
Limited and African Rainbow Minerals Limited (ARM)) announces the conversion of
additional furnaces to high carbon ferromanganese at Machadodorp works
Assore Limited
(Incorporated in the Republic of South Africa)
(Registration number 1950/037394/06
Share code: ASR ISIN: ZAE000146932
ASSMANG LIMITED (WHICH IS JOINTLY CONTROLLED BY ASSORE LIMITED AND AFRICAN
RAINBOW MINERALS LIMITED (ARM)) ANNOUNCES THE CONVERSION OF ADDITIONAL FURNACES
TO HIGH CARBON FERROMANGANESE AT MACHADODORP WORKS
Assmang Limited ("Assmang") announced today that, after the successful
conversion of the No 5 Furnace at its Machadodorp Works, from the production of
charge chrome to high carbon ferromanganese, it has completed the evaluation of
the conversion of further furnaces and decided to convert No`s 2 & 3 Furnaces to
produce high carbon ferromanganese.
There are a number of engineering modifications that must be carried out and
logistical issues that need to be addressed before the conversion can be
implemented. It is thus anticipated that this conversion will commence in the
first quarter of 2012, with ferromanganese becoming available from these
furnaces around the middle of that year.
This conversion will increase Assmang`s production of high carbon ferromanganese
by approximately 100,000 tonnes per year, bringing its total capacity to some
375,000 tonnes per year. Core ferrochrome customers will still be supplied from
the No 1 Furnace at Machadodorp Works.
Assmang is continuing to study the optimisation of alloy production at both its
Machadodorp and Cato Ridge Works.
Illovo Boulevard
Johannesburg
30 June 2011
Contact details:
Alastair Stalker
Switchboard: (011) 770 6800
Direct line: (011) 770 6886
E-mail: alastairstalker@assore.com
Sponsor
Standard Bank
Date: 30/06/2011 16:00:10 Produced by the JSE SENS Department.
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