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Assmang Accepts ESKOM's Power Buyback Proposal
= No. 1 Furnace at Machadodorp plant to be idled until end-May =
Assmang announced on March 23, 2012 that it decided to accept the offer from ESKOM that had been offered since February with regard to ESKOM's power buyback plan. With this decision, the company will idle No. 1 furnace at Machadodorp plant until end-May. No. 2 and No. 3 furnaces, which were to be converted to high-carbon ferromanganese production during the first half of 2012, will continue charge chrome production until end-May to fully ensure deliveries to customers under the existing contracts.
last modified : Thu 29 Mar, 2012 [15:17]
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