Mogale Alloys embarks on R170m processing plant expansion
JOHANNESBURG (miningweekly.com) – Mogale Alloys, a subsidiary of London-listed Ruukki Group, has awarded construction company Asenza and technology supplier Uvån Hagfors Teknologi a R170-million contract to install and manage ferroalloy refining and granulation equipment at its processing plant, in South Africa.
The equipment would complement Mogale's four existing furnaces, which produce low-phosphor ferrochrome and low-phosphor silicomanganese and would, once complete, enable a significant portion of the current ferrochrome production to be converted to granulated medium-carbon ferrochrome.
This was in line with the company's objective of providing niche products in mature markets to increase profitability and optimise shareholder value.
The project would start this month, with first production of specialty alloys expected by the third quarter of 2014. Current production levels at Mogale Alloys would be maintained during the implementation phase.
Ruukki said it was considering a number of available options to finance the project, but expected that it would be financed through a combination of internally generated funds and loan capital obtained from financial institutions.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















