Mantengu buys MIB’s iron beneficiation plant
JSE-listed Mantengu Mining has acquired Masorini Iron Beneficiation’s (MIB’s) iron beneficiation plant in Phalaborwa, Limpopo, for R18.97-million. Mantengu says this strategic move positions the company to become a leading producer of high-quality, low-cost metallic iron, addressing critical gaps in the scrap metal supply chain and capitalising on the growing demand for sustainable steel production.
JSE-listed Mantengu Mining has acquired Masorini Iron Beneficiation’s (MIB’s) iron beneficiation plant in Phalaborwa, Limpopo, for R18.97-million. Mantengu says this strategic move positions the company to become a leading producer of high-quality, low-cost metallic iron, addressing critical gaps in the scrap metal supply chain and capitalising on the growing demand for sustainable steel production.
