Announced
Completed
Financials
Tags
Cross Border
Friendly
ferrochrome beneficiation plant
South Africa
Single Bidder
Completed
Building Materials: Other
furnace
Acquisition
Majority
Private
Synopsis
Ironveld, an Iron ore company, completed the acquisition of Ferrochrome Furnaces, a ferrochrome beneficiation plant operator. Financial terms were not disclosed. Ferrochrome Furnaces will provide Ironveld with an existing smelting facility and the opportunity to commence mining and processing in the short term. Ironveld intends to change the name of FCF to Bokone Smelting in due course to reflect the regional heritage of its operations, given that 'Bokone' translates as 'North' in the Tswana and Sepedi languages.
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