Swiss trader IMR makes its mark in SA iron ore after investing R366m in mine
IMR Metallurgical Resources buys Sedibeng iron ore mine for R366m and makes an immediate impact
26 August 2020 - 23:58
After investing R366m for a majority stake in Sedibeng Iron Ore last year, Swiss commodity trader IMR Metallurgical Resources has brought the languishing mine up to capacity and is looking to ways to grow output by a quarter.
In a notable development, a company has made a relatively large investment in what had been an underperforming mine in SA at a time when the country is regarded as a difficult place to make a large investment in the mining industry...
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