VISA Steel announced last September that the Joint Lenders Forum had decided to invoke strategic debt restructuring (SDR) norms in accordance with the Reserve Bank of India circular dated June 8, 2015 after an earlier restructuring exercise failed to deliver t...

[Ferro-Allys.com]Despite the dramatic decline in the ferrochrome prices in recent years, China’s investment in chrome industry never stops. A new ferrochrome project in Southern China is currently in construction, which is expected to complete and be put into...

International Ferro Metals has entered into a settlement agreement with Rustenburg Platinum Mines regarding its interests under a chromite supply agreement under which Rustenburg is obliged to supply UG2 chrome ore to IFM, the South African ferrochrome produce...

GOVERNMENT has set up a special purpose vehicle (SPV) to assist small scale chrome miners export the mineral.

THE government’s decision to lift a four-year ban on exporting raw chrome mid-last year gave hope to a sector that was on the verge of collapsing. It was sweet music to the ears of most artisanal chrome miners and companies who were stuck with piles of chrome...

International Ferro Metals might have overplayed its hand when it approved a business rescue plan to sell its smelting business to its neighbour, Samancor, although it knew that Rustenburg Platinum Mines , owned by Anglo American Platinum , could suddenly stop...

Zimbabwe’s largest ferrochrome producer, Zimasco, has approached the High Court seeking to be placed under judicial management. The company identified Grant Thornton managing partner Reggie Saruchera as the judicial manager.

Dual-listed Afarak Group subsidiary Turk Maadin Sirketi (TMS) has been granted the exploitation mining licence for its Turkey-based Eagle Field chrome project. TMS would now investigate the most appropriate time to bring the mine into production to ensure that...