Asa Resources Group
Asa Resources Group is a mining company based in Johannesburg and London. According to its website, it is the first African-owned and African-managed business to be listed in the Resources sector of the London Stock Exchange's Alternative Investment Market. Asa was founded in 1987.
| Public limited company | |
| Traded as | LSE: ASA |
| Industry | Mining |
| Predecessor |
Mwana Africa African Gold |
| Founded | September 27, 1987 in City of London, United Kingdom |
| Headquarters | City of London, United Kingdom |
| Website |
www |
Current affairs
The firm had a poor financial performance in 2013 with losses totalling $42.5 million, more than $35 million more than the previous year. This was due to a $43.7 million impairment charge for its Bindura Nickel Corporation operations in Zimbabwe.[1]
In October 2013, Asa appointed Yim Chiu Kwan as its finance director.[2]
Operations
Asa's products include gold, nickel, copper, zinc, cobalt and, more recently, diamonds and petroleum. Major mining operation interests as of 2007:
By country
- Democratic Republic of the Congo
- Zani-Kodo Joint Venture: gold
- Societé minière de Bakwanga (MIBA): diamonds
- Gravity Diamonds
- Katanga Concessions: copper, cobalt
- Ghana
- Zimbabwe
- Bindura Nickel: nickel, copper, cobalt
- Hunter's Road: nickel
- Freda Rebecca Mine: gold
- Maligreen Mine: formerly Cluff Mining; gold
- Makaha Deposit
Companies
- SouthernEra Diamonds, of Canada, the Democratic Republic of Congo, Gabon and South Africa.
Asa maintains a corporate office in South Africa; the company is progressively expanding its operations by acquiring extant mining companies.
References
- ↑ Mwana widens FY loss after $43.7m BNC impairment charge, South Africa: Mining Weekly, 2013
- ↑ Mwana Africa appoints Yim Chiu Kwan as finance director, International: Reuters, 2013