Commission Recommends Approval of Assore, DCM Deal

  • Thursday, April 16, 2015
  • Source:ferro-alloys.com

  • Keywords:chrome ore, Assore
[Fellow][Ferro-Alloys.com]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...
[Ferro-Alloys.com]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. DCM supplied chrome ore to the global market.
 
 
  • [Editor:sunzhichao]

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