Ironveld’s ferrochrome furnace acquisition purchase agreements agreed, signed

21st December 2022

By: Donna Slater

Creamer Media Chief Photographer and Senior Contributing Editor


Font size: - +

Iron, vanadium and titanium miner Ironveld reports that its purchase of Rustenburg-based Ferrochrome Furnaces is progressing, with all material underlying agreements required under a debt purchase agreement and share purchase agreement having been signed.

The company notes that the timing of the transaction completion has had no effect on its operations, which continue to progress as planned.

Ironveld has a high-purity iron, vanadium and titanium on the Northern Limb of the Bushveld Complex, in Limpopo – a project that has the potential to become a vertically-integrated vanadium mining and processing business serving the increasing demand for vanadium in steel alloys and vanadium redox batteries.

The company also holds unfettered rights to a Joint Ore Reserves Committee-compliant resource of 80-million tonnes of magnetite ore and 1.6-billion pounds of vanadium – the equivalent to four times yearly global demand, according to Ironveld.

The resource also includes 32-million tonnes of high-purity iron and nine-million tonnes of titanium.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online


The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at

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
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?