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ASR - Assore Limited - Production Cutbacks at Assmang Assore Limited (Incorporated in the Republic of South Africa) Registration number: 1950/037394/06 Share code: ASR ISIN: ZAE000017117 ("Assore") PRODUCTION CUTBACKS AT ASSMANG Due to the ongoing low levels of carbon steel production in our major markets, Assmang Ltd shut down its No 5 High Carbon Ferromanganese Furnace (Capacity +/- 55000 tpa) at the Cato Ridge Works on the 7th April. Furnaces 3 and 4 remain shut down. These furnaces will be kept out of operation until market conditions warrant start up. Cato Ridge Alloys` convertor for production of refined alloys which has not produced since December 2008 remains closed and will be restarted as demand increases. Manganese ore markets remain weak and ore production is being reviewed on an ongoing basis It has also been decided that due to the global reduction in stainless steel production, two charge chrome furnaces at the Machadodorp Works will operate until end May 2009 and thereafter all four furnaces will be shut down. Any furnace start ups will be dependant on market conditions. Along with this reduction in ferrochrome production, chrome ore production at the Dwarsrivier Mine will be scaled back commensurately. Illovo Boulevard Johannesburg 14 April 2009 Sponsor Standard Bank Date: 14/04/2009 17:18:10 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
