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Assore Ltd (ASRJ.J)

ASRJ.J on Johannesburg Stock Exchange

29 May 2017
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Latest Key Developments (Source: Significant Developments)

Assore Ltd six-month HEPS rises
Wednesday, 22 Feb 2017 04:36am EST 

Assore Ltd : Results for half-year ended Dec. 31, 2016 . Headline earnings for six months to Dec. 31, 2016 (current period) increased by 194.2 pct to R2.2 billion . Six-month revenue 3.28 billion rand versus 1.34 billion rand year earlier . HY headline earnings (basic and diluted - cents) 2,105 cents versus 715 cents . Board has declared an interim dividend of 600 cents (2015: 200 cents) per share . As was case in 2016 calendar year, growth in world steel market is expected to be muted .Crude steel production is expected to remain relatively flat for 2017 calendar year.  Full Article

Assore sees H1 headline earnings to rise between 260.8-302.0 pct
Friday, 3 Feb 2017 05:47am EST 

Assore Ltd. : Trading statement . H1 headline earnings are anticipated to increase to between 1925 mln rand (increase of 260.8 pct) and 2230 million (increase of 302.0 pct) .Sees increase in headline earnings per share for six months ended Dec. 31 2016 to between 18.66 rand(increase of 261.0 pct) and 21.61 rand (increase of 302.2 pct) per share.  Full Article

Assore Ltd announces CEO retirement
Tuesday, 6 Dec 2016 04:05am EST 

Assore Ltd : Retirement Of Chief Executive Officer . Appointment of Mr Charles Edwards Walters as chief executive officer of company with effect from 1 July 2017 . Chris Cory, chief executive officer of company, will retire on 30 June 2017 .Edwards will join Assore on 1 April 2017 as CEO designate.  Full Article

Assore Ltd - African Rainbow Minerals Ltd Minerals cuts jobs as H1 profits halve - Reuters News
Thursday, 10 Mar 2016 08:46pm EST 

Assore Ltd:Diversified mining group African Rainbow Minerals (ARM) said on Friday its first-half profit halved due to sharply softer commodity prices, prompting layoffs and costs cuts to stay afloat - RTRS.Headline earnings per share, a measure that strips off certain one off items, in the six months to December reached 233 cents from 473 cents a year earlier.ARM, which has interests in platinum, iron ore, coal, copper, and gold saw lower prices in all of its commodities except for chrome."ARM has responded proactively to the commodity price downturn and has implemented operating and capital cost reduction initiatives at all its operations," the company said in a statement.The company operates joint ventures with Anglo American Platinum, Assore, Impala Platinum, Glencore and Vale.ARM cut planned spending for the first half of 2016 by 15 percent to 1.4 billion rand ($92 million) mainly from curtailments in the ferrous metals Black Rock Project, which is its most capital intensive venture.The company said it would cut jobs at its platinum mines Modikwa and Nkomati, Beeshoek iron ore mine and Khumani chrome mines but did not say how many positions were on the line.  Full Article

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