Monday 4 May 2015

Otmane El Rhazi : Black interests giving ferrochrome business wide berth

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Black South African interests are giving South Africa’s once-mighty ferrochrome business the cold shoulder. The value-adding pursuit, which puts six times more value into chrome and three time more jobs into chrome mining, was last seek ditched by Royal Bafokeng Holdings, the investment arm of the 300-strong Bafokeng community, which has for long been association with chrome, and earlier by Patrice Motsepe’s African Rainbow Minerals (ARM), which opted out of ferrochrome in Machadodorp some time ago and with its Assmang partner has chosen to close the Machadodorp ferroalloys operation altogether and relocate to a new ferroalloys project in Malaysia.

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