Fluormin shares fall on Witkop mine decision

Fluormin, a producer of acid grade fluorspar, an industrial mineral widely used in the chemical and aluminium industries for the making of products such as aluminium fluoride, has said it will place the Witkop mine on care and maintenance, following further weakness in the fluorspar market.

Fluormin, a producer of acid grade fluorspar, an industrial mineral widely used in the chemical and aluminium industries for the making of products such as aluminium fluoride, has said it will place the Witkop mine on care and maintenance, following further weakness in the fluorspar market.

The firm said that despite an improvment in its operational performance and significant cost reductions, the prevailing price for acid grade fluorspar has fallen below current operating costs.

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