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February 18, 2010
$1.2-billion refinery for the coast
One of four selected coastal areas in South Africa stands to be home to the world's first integrated pure metals refinery plant producing titanium, zirconium, magnesium and silicon, upon completion of the feasibility study.
Rare Metals Industry is a consortium made up of the multi-billion-rand National Empowerment Fund, the IDC, Magnesium and Metals (a US and Russian consortium) and TJTI, another locally-based company.
Posted by StaffWriter at February 18, 2010 9:36 AM