Otmane El Rhazi : Assore, ARM enter agreements for R450m Dwarsrivier sale

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Definitive agreements have been inked for Assore’s R450-million buyout of African Rainbow Minerals’ (ARM’s) 50% indirect interest in the Dwarsrivier chrome mine, in Mpumalanga. The deal would see Assore gain full ownership of the mine, which was owned and operated by Assore and ARM’s joint venture, Assmang, through a special purpose vehicle (SPV).