IFM switches off furnaces in power buy-back deal with Eskom

Integrated ferrochrome producer International Ferro Metals (IFM) on Thursday said it had reached an agreement with Eskom to assist with the power utility's electricity supply requirements, by participating in its electricity buyback programme...

Phoenix project has smooth take-off

The construction of the chrome tailings retreatment plant (CTRP) at precious metals producer Pan African Resources’ Phoenix Platinum project, in the North West, has progressed well and is significantly ahead of schedule and within budget, says...

IFM to shut down second furnace for roof rebuild in early July

Ferrochrome producer International Ferro Metals (IFM) will shut down its second furnace for roof upgrades at the beginning of next month, to complete part of the work on its two furnaces concurrently, rather than sequentially, the London-listed...

International Ferro Metals names new CEO

London-listed ferrochrome producer International Ferro Metals (IFM) announced on Monday that it had appointed BHP Billiton general manager Christiaan Jordaan as its new CEO from August. Jordaan would succeed David Kovarsky, who has led IFM since...

New IFM chrome mine, low-cost ore on way, 2011 profit in sight

London-listed ferrochrome producer International Ferro Metals (IFM) is poised for profit in 2011, buoyed by sturdy stainless steel demand, rising ferrochrome prices and increasing production. IFM produces ferrochrome for stainless steel from...

IFM ferrochrome sales down 48%, output up

Ferrochrome producer International Ferro Metals (IFM) on Monday reported weaker-than-expected sales figures for the first quarter of the 2011 financial year, despite production having increased. The LSE-listed company, which has operations in...

David Kovarsky

Position: CEO of International Ferro Metals (IFM) Main activity of the company: Ferrochrome producer Date and place of birth: Sept 12, 1947, Johannesburg Education: CA (S.A.), Wits. AMP Harvard Business School First job: Articled clerk, Levitt,...

Pan African says CTRP construction to begin 'immediately'

Precious metals-miner Pan African Resources on Friday concluded a formal agreement with International Ferro Metals (IFM) to start the construction of its R104-million chrome tailings retreatment plant (CTRP) near Rustenburg. Pan African said in a...

IFM narrows loss despite strong rand and rising costs in SA

Ferrochrome producer International Ferro Metals (IFM) on Monday reported stronger sales and production volumes for the 2010 financial year, realising a modest return to profitability in the second half of the year, in spite of an...

IFM Q3 output down by 6%

Ferrochrome producer International Ferro Metals (IFM) on Tuesday reported that production for the third quarter ended March, was down by 6%, to 54 394 t, compared with the previous quarter. IFM CEO David Kovarsky told journalists on Tuesday that...

Pan African to start construction of tailings retreatment plant in June

JSE- and Aim-listed Pan African Resources said on Thursday that it would start the construction of its planned Phoenix Chromite Tailings Retreatment Plant (CTRP) in June this year, anticipating first production by the second half of 2011. The...

Iluka appoints IFM founder Turner to board

ASX-listed mineral sands producer Iluka Resources has appointed Stephen Turner and Wayne Osborn as nonexecutive directors, with immediate effect. Turner is the founder of LSE-listed International Ferro Metals (IFM). He was the CEO of IFM from...