Ferrex Plc now Keras Plc
Friday, 27 November 2015 11:48
Ferrex Plc, mining company with assets in Togo, Gabon and South Africa, announced on November 24 it was becoming Keras Plc. A general assembly is to be held on December 10 in Surrey, England, to evaluate this decision, reflects the company’s future and approve various ongoing management decisions.
The transformation coincides with the firm’s decision to finance exploitation of Nayega manganese deposit in the Northern Togo, using the profits from its output at the Karlgoorlie gold deposits in Western Australia as funding.
In Togo, the firm plans for a low-cost valorization of Nageya project which holds 14 Mt of resources at 12.4% of Manganese, and projects an output of 250,000 tons at 38% per year, during phase 1 of development.
Ferrex Plc holds, in regards to iron, the Malelane project in South Africa which contains 139 Mt of inferred resources at 37% of iron, as well the Mebaga iron project favoring DSO production in Gabon.
Live News
-
Glovo, experts push collaboration to digitise Nigerian SMEs
10:21
-
Heat Waves Intensify Pressure on Global Food Systems, U.N. Warns
09:53
-
Guinea Permit Revocations Spur Arbitration as Arrow Seeks Dialogue
09:36
-
Rwanda Launches $30 Million Fund to Expand Financing for Small Businesses
09:33
-
Growth Slows in Nigeria, UBA Now Relies on Francophone Africa
09:29
-
Safacam Plans Higher Dividend as Profits Rise but Earnings Stay Uneven
04:30
-
Cameroon Reviews Metals Industry to Address Supply and Energy Constraints
04:16
-
CEMAC Plans Tighter FX Rules, but CFA6 Trillion Still Beyond Reach
21:31
-
Douala Port Expands Niger Transit Trade but Faces Strong Regional Competition
21:28
-
Derrick Bundi Builds Cross-Border Payments Platform With Pretium
21:00
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Heat waves are intensifying pressure on crops, livestock, and rural economies Around 1.23 billion people dependent on agriculture are already...
New SME Growth Fund aims to improve access to long-term capital Initial $30 million could scale up to $100 million over time SMEs remain...
CFA zone subsidiaries generate 80% of UBA’s net profit in 2025 Earnings from francophone units have increased more than eightfold since 2020 Côte...
Airline to launch Kinshasa–Brussels flights starting in July Two new ATR aircraft will support domestic expansion Move targets strong travel demand...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...