Cash-strapped Metorex receives clawback go-ahead

Cash-strapped diversified midcap miner Metorex on Monday received permission to go ahead with its clawback offer of shares to raise R258-million. The clawback offer is only one part of an overall R3-billion capital and debt restructuring...

Spain’s Minersa to become main shareholder in SA hydrofluoric acid venture

Spanish fluorspar producer Minersa would replace Tunisian aluminium fluoride maker ICF as the major shareholder and technology partner of Alfluorco, a South African hydrofluoric acid and aluminium fluoride joint venture, diversified-miner Metorex...

‘Company maker’ increases market cap by a third

The Ruashi orebody, which Metorex views as a ‘company maker’ is the group’s single-largest capital investment to date and has increased the company’s market capitalisation figure by a third.

Project to raise fluorspar output by 50%

Mid-tier mining group Metorex is completing a multimillion-rand capital programme at its Vergenoeg fluorspar mine, which will see a 50% increase in production over the next three years and which has lifted the recovery rate by 24% to date.