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...

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The Helsinki- and London-listed Ruukki board came to Johannesburg last week with the message that the company intends devoting energy, investment and time to grow the business in South Africa. Ruukki board members pictured are Philip Baum, a...

Ruukki's SA investment hits R3bn, JSE listing likely

The Helsinki- and London-listed Ruukki, which has invested R3-billion in South Africa so far, will soon have two assets and two major projects to manage in this country, which it believes has "huge potential". Ruukki South Africa CEO Dr Alistair...

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 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...

Kermas to apply for mining licence in South Africa

UK-based investment holding company Kermas Limited planned to submit an application to convert its prospecting permit for the Stoffberg magnetite project, which it owned in joint venture with multi-commodity mining company Petmin, into a mining...

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,...

Finland’s Ruukki makes first payment for Mogale Alloys

Commodities trading company Metmar has received the first payment of the sale of its stake in Mogale Alloys, from Ruukki South Africa, a subsidiary of Finnish industrial refining group Ruukki. The subsidiary announced on Monday that it had...

Finland’s Ruukki buys Mogale Alloys in R2bn deal

South African subsidiary of Finnish industrial refining group Ruukki, Ruukki South Africa, has acquired an 84,9% stake in Mogale Alloys, in Krugersdorp, for about R2-billion, it announced on Monday. The subsidiary was planning to make further...