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Commission recommends approval of Assore, DCM deal

15th April 2015

By: Natalie Greve

Creamer Media Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) – The Competition Commission has recommended to the Competition Tribunal that it approve, without conditions, a transaction that would see mining holding group Assore acquiring African Rainbow Minerals’ 50% stake in the Dwarsrivier chrome mine (DCM), in Mpumalanga.

Post-merger, Assore would have sole control over DCM.

Assore, through its various joint venture entities and subsidiaries, was involved in the mining of manganese, iron-ore and chrome ore together, with other industrial minerals and the manufacture of manganese and chrome alloys.

DCM supplied chrome ore to the global market.

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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