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.

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