Ruukki announces management changes

Helsinki- and London-listed Ruukki group on Thursday announced that chief commercial officer Stefano Bonati would assume responsibility for the company’s speciality alloys business, following the resignation of COO Theuns de Bruyn, who was...

Ruukki appoints new CEO, COO

Helsinki- and London-listed Ruukki group has appointed Thomas Hoyer to take the reigns as CEO, as the company moves towards becoming a focused minerals producer. Ruuki, under the interim leadership of Dr Danko Koncar, disposed of its wood assets...

SA competition body approves Ruukki-Kermas JV acquisition

Synergy Africa, a joint venture between Finnish group Ruukki and UK-based investment holding company Kermas, has received clearance from the South African Competition Commission to proceed with its £37-million acquisition of Chromex. The offer...

Ruuki/Kermas JV extends offer period for Chromex

Synergy Africa, a joint-venture between Finnish group Ruukki and UK-based investment holding company Kermas, is still awaiting the approval of the South African Competition Commission for its £37-million acquisition of Chromex. The Commission...

Ruukki-Kermas JV extends offer for Chromex

Synergy Africa, a joint venture (JV) between Finnish group Ruukki and UK-based investment holding company Kermas, has extended the deadline of its £37-million cash takeover offer for Chromex Mining to November 29. Synergy Africa, which was...

Ruukki-Kermas JV offers £37m for Chromex

Newly incorporated joint-venture company Synergy Africa on Thursday announced that it had put a £37-million cash offer on the table for Aim-listed Chromex. Synergy Africa is 51% owned by the Finnish group Ruukki and 49% owned by UK-based...

Ruukki studies 250-MW plant to supply Mogale Alloys

Finnish company Ruukki plans to start a feasibility study for a proposed 250-MW power plant to provide its Mogale Alloys venture in South Africa with reliable electricity supply, by the fourth quarter of this year. Ruukki, which bought the Mogale...

Ruukki reports Q1 revenue rise

Finnish company Ruukki, which bought South Africa's Mogale Alloys last year, on Friday reported first-quarter revenue growth, lifting revenue to €54,4-million, from €44,5-million a year earlier, reflecting a slow, but definite economic...

Ruukki to triple ferrochrome smelting capacity

Ferroalloy producer Ruukki on Thursday reported that it was on the verge of completing an internal feasibility study into its expansion plans for the recently acquired Mogale production facilities. Speaking to journalists on a conference call,...

Sylvania, Ruukki to pursue JV after terminating R2,9bn merger

ASX-listed platinum junior Sylvania Resources and Finnish company Ruukki have called off their planned R2,9-billion merger, owing to “difficulties experienced with the implementation of the merger”, but would pursue a joint-venture...

Shareholders representing 22,87% of SA Metals accepted Sylvania’s offer

ASX-listed platinum group Sylvania Resources on Tuesday stated that it had received valid acceptances for its offer to acquire the entire issued share capital of fellow ASX-listed company SA Metals. Shareholders representing some 22,87% of the...

Ambition to integrate ferrochrome/platinum production and processing

For decades, South Africans have mined and processed chrome and platinum separately and never the twain have met, but now the Kermas-linked Finnish company, Ruukki, has ambitions to do otherwise. The little-known Ruukki, of Finland, has swooped...