MERAFE Resources, a ferrochrome producer in a joint venture with Glencore, said yesterday that 2021 had been a year of recovery as financial and operational improvement was bolstered by the high demand for ferrochrome.
The low chrome ore price has forced Samancor Chrome to consider job cuts, which could affect as many as 280 employees, Solidarity said on Friday. “Despite the implementation of several measures at all our business units, the decrease of the ferrochrome market...
Deteriorating business conditions have pushed London-listed International Ferro Metals’ South African subsidiary (IFM SA) into business rescue proceedings.
The business rescue plan recommending the sale of London-listed International Ferro Metal’s (IFM’s) embattled South African subsidiary has been approved by creditors. The business rescue practitioner for the ferrochrome producer would now seek to negotiate a...
Nava Bharat Ventures Ltd has informed BSE that the Company has entered into a Conversion Agreement with M/s. Tata Steel Limited (TSL) for conversion of Chrome Ore into Ferro Chrome, and the arrangement will commence upon.the receipt of ore and reductants from ...