Mine firm Assore’s interim earnings jump 20% to R2.92bn

Mine firm Assore’s interim earnings jump 20% to R2.92bn ANA Image: iStock Sales volumes of iron ore and chrome ore were, however, lower than in the previous period. Base mineral and metals miner Assore said on Tuesday its headline earnings for the six months ended December increased by 20% to R2.92 billion, largely on the back of Assmang, in which it has a 50% stake.

Sales volumes of iron ore and chrome ore were lower than in the previous period due to unforeseen inland logistical challenges while sales volumes for manganese ore and alloys were higher. “Increases in demand out of China for high-quality ores continue to play out well for Assore’s quality product portfolio,” said Walters.

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