Otmane El Rhazi : Assore earnings nosedive amid weak iron, steel environment

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

“Substantially” lower iron-ore and manganese prices and challenging operating conditions have contributed to JSE-listed Assore posting lower headline earnings and profit for the 2015 financial year. Headline earnings were down 53.3% to R2-billion, compared with R4.2-billion in the 2014 financial year, while profit fell 68% to R1.3-billion, compared with R4-billion in the comparative period.