Johannesburg - Iron ore and manganese producer Assore said on Tuesday its full year earnings are expected to be up to two thirds lower after the dollar prices for its commodities fell during the period.
Earnings will fall to between R1.227bn and R1.5bn for the year through June from R4bn in the previous year, the company said in a statement.
The firm's shares were down 3.5% to R103.99 by 12:55 GMT, compared with a flat All Share Index.