PR & press

PR & press

Bloomberg reported that International Mineral Resources Limited will buy a 34.5% stake in South Africa's Samancor Chrome Limited from Kermas Limited to raise its stake to 67%.

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Ferrochrome

Ruukki Group announced the R2bn acquisition of Mogale Alloys in Krugersdorp and said it is looking for further investments in South African minerals and metals operations.

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RUUKKI Group is completing a study into growing ferrochrome smelting capacity in South Africa to around 400,000 tonnes annually over the next four years, growing a division that is now headed by Danko Konchar.

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Kermas has reached an agreement with Mogale Alloys to acquire 56.2% of the shares of Mogale and will actually control this South African producer of ferro-chrome.

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Finland's Ruukki Group Plc to acquire Kermas Limited's chrome ore operations in Turkey.

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