ASR - Assore Limited - Assmang Limited (which is jointly controlled by Assore

ASR - Assore Limited - Assmang Limited (which is jointly controlled by Assore   
Limited and African Rainbow Minerals Limited (ARM)) announces the conversion of 
additional furnaces to high carbon ferromanganese at Machadodorp works          
Assore Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1950/037394/06                                             
Share code: ASR      ISIN: ZAE000146932                                         
ASSMANG LIMITED (WHICH IS JOINTLY CONTROLLED BY ASSORE LIMITED AND AFRICAN      
RAINBOW MINERALS LIMITED (ARM)) ANNOUNCES THE CONVERSION OF ADDITIONAL FURNACES 
TO HIGH CARBON FERROMANGANESE AT MACHADODORP WORKS                              
Assmang Limited ("Assmang") announced today that, after the successful          
conversion of the No 5 Furnace at its Machadodorp Works, from the production of 
charge chrome to high carbon ferromanganese, it has completed the evaluation of 
the conversion of further furnaces and decided to convert No`s 2 & 3 Furnaces to
produce high carbon ferromanganese.                                             
There are a number of engineering modifications that must be carried out and    
logistical issues that need to be addressed before the conversion can be        
implemented. It is thus anticipated that this conversion will commence in the   
first quarter of 2012, with ferromanganese becoming available from these        
furnaces around the middle of that year.                                        
This conversion will increase Assmang`s production of high carbon ferromanganese
by approximately 100,000 tonnes per year, bringing its total capacity to some   
375,000 tonnes per year. Core ferrochrome customers will still be supplied from 
the No 1 Furnace at Machadodorp Works.                                          
Assmang is continuing to study the optimisation of alloy production at both its 
Machadodorp and Cato Ridge Works.                                               
Illovo Boulevard                                                                
Johannesburg                                                                    
30 June 2011                                                                    
Contact details:                                                                
Alastair Stalker                                                                
Switchboard: (011) 770 6800                                                     
Direct line: (011) 770 6886                                                     
E-mail: alastairstalker@assore.com                                              
Sponsor                                                                         
Standard Bank                                                                   
Date: 30/06/2011 16:00:10 Supplied by www.sharenet.co.za                     
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