https://www.miningweekly.com
Africa|Mining|Power|Operations
Africa|Mining|Power|Operations
africa|mining|power|operations

Ironveld on track with FCF acquisition, smelter startup progressing ahead of schedule

9th December 2022

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Aim-listed Ironveld says the acquisition of Ferrochrome Furnaces (FCF) remains subject to the satisfaction of certain conditions, which are progressing well and relate to finalisation of particular documentation.

The company says it is confident that the transaction will complete shortly and that there is no impediment to planned operations.

Ironveld also notes that “excellent” progress continues to be made on the refurbishment and startup of the Rustenburg smelter.

As announced on October 17, first production is anticipated in the first quarter of 2023, but Ironveld has now confirmed that the first of the smelter’s three planned operational furnaces is expected to be in operation within the coming weeks, considerably ahead of the original schedule.

First sales of material from the smelter are now expected early in 2023 and the second and third operational furnaces are anticipated to both be in production by April.

Site establishment and preparatory groundworks within the Lapon licence area are now substantially complete and the mine will be delivering ore to the smelter as planned later this month.

Power for both the mining and smelting operations is entirely offgrid and, therefore, not subject to State-owned utility Eskom’s loadshedding interruptions currently being experienced across South Africa.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 
GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.117 0.157s - 103pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: