Integrated Metals Plant

Construction of a titanium and other metals beneficiation complex in South Africa. It is envisaged that, at full operational capacity, the plant would produce 50 000 t/y of magnesium, 15 000 t/y of titanium, 8 000 t/y of silicon and 2 000 t/y of zirconium, coupled with some derivative products. An agreement has also been reached with steel giant ArcelorMittal South Africa for the purchase of land in Saldanha for the construction of the plant. Estimated project value: $1,2-billion and $1,5- billion.