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IFM expects ferrochrome demand to strengthen

By: Loni Prinsloo Ferrochrome-producer International Ferro Metals (IFM) said on Tuesday it expected ferrochrome demand to strengthen over the next quarter, supported by an anticipated rise in stainless steel demand and seasonal production cuts by South African ferrochrome producers during past winter months. IFM... 

IFM aiming for twofold-plus production increase to 665 000 t/y over five years

By: Loni Prinsloo South Africa-focused International Ferro Metals (IFM) said at its half-year results that the ferrochrome market had “greatly improved” over the last three months, reflecting increased demand, not only from China, but also from the US and Europe. IFM CEO David Kovarsky said in a conference call... 

IFM aims to double production capacity as demand strengthens

By: Loni Prinsloo South Africa-focused International Ferro Metals (IFM) said on Tuesday that the ferrochrome market had "greatly improved" over the last three months, reflecting increased demand, not only from China, but also from the US and Europe. IFM CEO David Kovarsky said in a conference call that the... 

IFM inks chromite deal with Angloplat

By: Loni Prinsloo London-listed International Ferro Metals (IFM) has entered into an R150-million agreement with Anglo Platinum subsidiary Rustenburg Platinum Mines (RPM) for the supply of chromite to feed its two furnaces in South Africa for the next decade. IFM CEO David Kovarsky said that the new source of... 

New explosives code to come into effect, World Diamond Council warns Zimbabwe, higher ferrochrome production returning

By: Martin Creamer New standards are being introduced for mining explosives. The South African Bureau of Standards is drafting the new code in collaboration with the explosives industry. 

IFM sees strong demand for ferrochrome, output jumps 85%

By: Esmarie Swanepoel London-listed International Ferro Metals (IFM) on Thursday reported that its second-quarter ferrochrome production was up by 85%, compared with the previous corresponding period. The company produced 57 942 t of ferrochrome from its operations in South Africa in the last three months of 2009.... 

Daily podcast – November 13, 2009

By: Schalk Burger The sacked directors of JSE-listed platinum junior Wesizwe withdraw their urgent court application; and International Ferro Metals will cogenerate its own electricity at a fraction of the proposed new Eskom tariffs. 

IFM to cogenerate at fraction of proposed new Eskom tariff 

By: Martin Creamer London-listed South African ferrochrome junior International Ferro Metals (IFM) is all set to cogenerate its own electricity at a fraction of the proposed new Eskom tariffs. IFM CEO David Kovarsky said on Thursday that the company might be able to do so for as little as 10% of Eskom's steep new... 

SA's electricity system tight but manageable – Eskom

By: Loni Prinsloo A dramatic slowdown in global economies slashed commodity demand, leading to the temporary closing of metal alloy smelters across South Africa. However, with demand once again on the increase, especially from Asian markets, mining companies are ramping up production capacity. The world’s two... 

Electricity system tight but manageable, says power utility Eskom

By: Loni Prinsloo A dramatic slowdown in global economies slashed commodity demand, leading to the temporary closing of metal alloy smelters across South Africa. However, with demand once again on the increase, especially from Asian markets, mining companies are ramping-up production capacity. 

IFM says growth profile robust despite SA power concerns

By: Chanel de Bruyn Ferrochrome producer International Ferro Metals (IFM) has completed its first full year of production at its Buffelsfontein ferrochrome facility, in South Africa, with output expected to increase by over 10% from July 2009. The company produced about 205 607 t of ferrochrome in the year ended... 

IFM reports record quarterly ferrochrome output

By: Christy van der Merwe London-listed ferrochrome producer International Ferro Metals (IFM) reported that it reached record ferrochrome production for the quarter to June 30, up 16% to 60 698 t, which included 4 090 t recoverable chrome contained in stockpiled slag. Sales volumes increased 57% on the preceding quarter,... 

International Ferro Metals’ cogen plant to slash carbon dioxide emissions by 160 000 t

By: Dennis Ndaba Ferrochrome producer International Ferro Metals (IFM) will substantially reduce its carbon footprint when it commissions its R200-million cogeneration (CoGen) plant, currently under implementation in July next year. 

IFM posts R23,9m loss on production shortfall

By: Christy van der Merwe Ferrochrome producer International Ferro Metals (IFM), on Monday reported a loss of R23,9-million for the six month period ended December 2007, which it said was in line with expectations, given the production problems experienced, which resulted in a shortfall of about 40 000 t. The consequent... 

Buffelsfontein ferrochrome-mine and smelting plant

The Buffelsfontein operation will be the first chromium operation in South Africa that has a processing plant adjacent to the mine, and is expected to be one of the lowest-cost producers of ferrochrome in the world. 

R1,5bn Buffelsfontein chrome project on scedule

By: Irma Venter International Ferro Metals’ (IFM’s) Buffelsfontein chromite mining operation near Mooinooi, in the North West, is to open officially at 

Buffelsfontein ferrochrome-mine and smelting plant

The Buffelsfontein operation will be the first chromium operation in South Africa that has a processing plant adjacent to the mine, and is expected to be one of the lowest-cost producers of ferrochrome in the world. 

Ferrochrome-smelter construction on schedule

Good progress is being made with the development of International Ferro Metals’ (IFM’s) new ferrochrome smelter project at Mooinooi near Brits in the North Western Province. 

Buffelsfontein ferrochrome-mine and smelting plant

The Buffelsfontein operation will be the first chromium operation in South Africa that has a processing plant adjacent to the mine, and is expected to be one of the lowest-cost producers of ferrochrome in the world. 

Chrome-miner could double production at R1,5bn project

By: Irma Venter International Ferro Metals’ (IFM’s) Buf-felsfontein ferrochrome smelting and mining operation near Mooinooi, in the North West, is likely to become a substantially larger project, as the London-listed company has acquired a chromite property situated five kilometres from Buffelsfontein. 

Tight timeframe for building of new chrome operation

By: Nicola Mawson A new ferrochrome mine and smelting operation in the North West will be in production in 18 months' time and is to provide Chinese stainless-steel firm Jiuquan Iron and Steel Company (Jisco) with ferrochrome as part of an offtake agreement. 

Chinese growth spurs R1,4bn SA ferrochrome project

By: Martin Creamer AustraliaFerrochromeProjectprint?The go-ahead for a new R1,4-billion ferrochrome project in South Africa was announced in Australia last week. 

Go-ahead for R1,4bn ferrochrome project

By: Martin Creamer The go-ahead for a new R1,4-billion ferrochrome project in South Africa has been announced in Australia. 

SA firm in ferrochrome offtake deal with China

In the build-up to its imminent listing on the Australian Stock Exchange, International Ferro-Metals (IFM) – previously known as Transvaal Ferro-Chrome – has signed a framework agreement with the Chinese Jiuquan Iron and Steel Company (Jisco). 

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