Anglo’s sale of De Beers hindered by diamond market state
Anglo American has warned of more production cuts at De Beers due to reduced spending by Chinese consumers prolonging the market downturn.
Having earned a reputation as a leader in the design and supply of large submerged-arc smelting furnaces and complete smelting plants for the production of ferroalloys, base metals, slag cleaning, and alloy refining, Tenova Pyromet is expanding its involvement in the platinum industry with vigour.
In fact Tenova Pyromet is currently working on several new projects, on which good progress is being made. A feasibility study for Eastplats – South Africa’s sixth largest platinum group metals producer – is due to be submitted in December 2008. On client approval, Tenova Pyromet will continue with the refurbishment of the four Pyromet furnaces, with a total capacity of 7.4 MW to be commissioned in May 2010….more at MEIOnline
