Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Deteriorating business conditions have pushed London-listed International Ferro Metals’ (IFM’s) South African subsidiary into business rescue proceedings. The financially distressed IFM SA, which operates the Lesedi underground mine and ferrochrome-smelting operations, had been battling a downward trend in its operations and profitability that had proved more “deep-seated and sustained than anyone expected”.
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