Afrimat eyes ‘future minerals’ after iron ore prices boost performance
Entry into the phosphate and rare earth markets heightens potential for growth, says CEO
Afrimat, a R9bn open-pit mining and construction materials firm, is positioning itself to snap up opportunities in “future minerals”, latching on to a growing trend in which mining companies look to cash in on electric vehicles.
Through its 2021 acquisitions in the phosphate, rare earth and manganese spaces, Afrimat is eyeing further growth opportunities abroad, said Andries van Heerden, CEO of the Cape Town-based company that provides industrial minerals, commodities and construction materials. ..