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December 2, 2009
Assore unveils second R2,1bn BEE deal
JOHANNESBURG (miningweekly.com) - JSE-listed mining group Assore, which has interests in South African iron-ore and manganese mines, unveiled a second R2,1-billion black economic-empowerment (BEE) transaction on Wednesday, which would raise BEE ownership in the company from 15,26% to 26,07%.
The deal, which was facilitated through Assore vendor finance, involved the Bokamoso Trust, whose beneficiaries included the communities in and around Assore's operations.
Posted by StaffWriter at December 2, 2009 12:29 PM