Assore unveils second R2,1bn BEE deal

December 2, 2009

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.

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