Ironveld completed the acquisition of Ferrochrome Furnaces.

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.