African Rainbow Minerals Ltd Acquires The Machadodorp Works Ferrochrome And Ferromanganese Division Of Assmang (Pty) Ltd

The Tribunal has approved, without conditions, a proposed merger whereby African Rainbow Minerals Ltd seeks to acquire Assmang (Pty) Ltd in respect of its Machadodorp Works ferrochrome and ferromanganese division.

African Rainbow Minerals mines and beneficiated iron ore, manganese ore, chrome ore, platinum group metals, nickel and coal through its subsidiaries and joint ventures. It also produces manganese and chrome alloys.

The Machadodorp Work business of Assmang is active in recovering chrome ore from historical slag dumps. It is used to produce low-grade ferrochrome fines and chips. The ferrochrome fines and chips are used in stainless steel.

The Commission earlier found that the proposed merger does not raise any competition or public interest concerns and recommended approval without conditions.

Comments

Related News Articles