Wednesday 15 April 2015

Otmane El Rhazi : Commission recommends approval of Assore, DCM deal

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



The Competition Commission has recommended to the Competition Tribunal that it approve, without conditions, a transaction that would see mining holding group Assore acquiring African Rainbow Minerals’ 50% stake in the Dwarsrivier chrome mine (DCM), in Mpumalanga. Post-merger, Assore would have sole control over DCM. Assore, through its various joint venture entities and subsidiaries, was involved in the mining of manganese, iron-ore and chrome ore together, with other industrial minerals and the manufacture of manganese and chrome alloys.

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