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Print[Ferro-Alloys.com] Evraz will construct the factory in collaboration with Nyanza Light Metals, a firm equally owned by Arkein International and Evraz.
The exact location of this plant has not been identified as yet but will be known once the second feasibility study has been conducted.
Both companies said the announcement came shortly after they received a positive pre-viability study from authorities.
The factory is Nyanza’s first South Africa’s main development project and it is an effort to ramp up beneficiation in South Africa.
“The plant to be built in South Africa will most likely be located in Richards Bay, but other sites … in Middelburg, Vryheid, Rustenburg, Coega and Maputo (in Mozambique) are being seriously considered,” BD Live quoted Donovan Chimhandamba, CEO of Arkein and chairman of Nyanza, as saying.
According to BD Live, the factory will treat approximately 200,000 “metric tonnes a year of waste slag from Evraz Highveld and will make almost 50,000 tonnes a year of titanium dioxide pigment.”
It is believed that Africa is neglecting a good prospect when it exports minerals to other countries without initially making a complete product themselves.
According to official information, this country has the world’s biggest reported reserves of gold, platinum group metals, chrome ore and manganese ore, and the second-largest reserves of zirconium, vanadium and titanium.
In spite of these resources, South Africa and other African states, is behind in mineral beneficiation, exporting its minerals as unrefined ore rather than higher-value completed creations.
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