Resource round-up: International Ferro, Magnolia, Sefton

International Ferro Metals, the AIM-listed miner of ferrochrome (an essential ingredient in stainless steel), rose strongly on Tuesday after saying that the ramp-up of its Sky Chrome project to a record 73,000 tonnes per month was achieved last month. The plant provides low-cost chrome ore for the smelting operations and now fully compensates for the closure of the Lesedi open pit mine which reached end of life in July.

International Ferro Metals, the AIM-listed miner of ferrochrome (an essential ingredient in stainless steel), rose strongly on Tuesday after saying that the ramp-up of its Sky Chrome project to a record 73,000 tonnes per month was achieved last month. The plant provides low-cost chrome ore for the smelting operations and now fully compensates for the closure of the Lesedi open pit mine which reached end of life in July.

Meanwhile, the company said that its smelting operations have performed better than expectations in July and August, with furnaces producing 39,700 tonnes of ferrochrome.

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