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Mining Weekly wrote that Assore Ltd. (JNB:ASR) indicated its profits are up on increases in iron ore prices even though manganese and chrome prices are predicted to remain stable.
Mining Weekly wrote that Assore Ltd. (JNB:ASR) indicated its profits are up on increases in iron ore prices even though manganese and chrome prices are predicted to remain stable.
The editorial is quoted as saying:
Capital of R1,2-billion has been spent on the Khumani expansion project in the period, to meet the timing of Assmang’s increased export allocation on the Sishen-Saldanha iron-ore export line from 10-million tons a year to 14 -million tons a year by mid-2012. Furnace rebuilds in Assmang’s manganese and chrome divisions absorbed R216-million.