South Africa’s IFM to cut costs with Angloplat waste ore smeltering

By bne IntelliNews February 19, 2010
According to Reuters,ferrochrome producer International Ferro Metals plans to cut costs by firingits smelters with waste product from fellow miner Anglo Platinum. CEO DavidKovarsky said in a statement the new source of chromite supply for the companystwo furnaces would reduce IFMs input cost and enable it to better leverage theimproving ferrochrome market conditions. The agency added Kovarsky saying IFMwill get 15,000 tonnes of chromite per month starting next year, coveringnearly 30% of the company's concentrate requirements. The chromite will comefrom the tailings, or waste products, from a concentrator 50 km away at theRustenburg division of Angloplat.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335