Wednesday, February 3, 2010

Ruukki To Expand Into SA Mining

Finnish ferrochrome producer Ruukki Group expects to expand into mining in South Africa in 2011 to supply ore for its Mogale Alloys smelting operations.

. “We expect to acquire the prospecting rights this year and starting mining operation in 2011,” CEO Alwyn Smit said on the sidelines of the Mining Indaba in Cape Town on Wednesday. “We are looking at ore deposits with relatively easy access to chrome ore,” he added.

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