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 outlook for iron-ore and manganese prices but an uptick in chrome-ore prices, which coincided with the company’s acquisition of African Rainbow Minerals’ (ARM’s) 50% interest in the Dwarsrivier chrome mine in Mpumalanga.
