Name and Location
Mogale Alloys processing plant expansion project, Gauteng, South Africa.

Client
Mogale Alloys, a subsidiary of Ruukki Group.

Project Description
The project involves the installation of ferroalloy refining and granulation equipment at Mogale’s processing plant.

The equipment will complement Mogale’s four furnaces currently producing low phosphor ferrochrome and low phosphor silicomanganese.

Once the installations are complete, a significant percentage of the current ferrochrome production can be converted to granulated medium carbon ferrochrome. This is in line with the company’s goal to provide niche products for mature markets to increase profitability and optimise shareholder value.

Value
R170-million.

Duration
Project construction was to have begun in July and first production of speciality alloys is scheduled for the third quarter of 2014.

Latest Developments
Mogale has entered into a contract with Asenza and technology supplier UHT Uvån Hagfors Teknologi with regard to the installation of ferroalloy refining and granulation equipment.

Meanwhile, the company is considering several available options to finance the project; however, it is expected that it will be financed through a combination of internally generated funds and loan capital obtained from financial institutions.

Key Contracts and Suppliers
Asenza and UHT Uvån Hagfors Teknologi (ferroalloy refining and granulation equipment).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Ruukki Group CEO Danko Koncar, tel +44 20 7376 1175 or email danko.koncar@ruukkigroup.com.