Luiri Gold announces the acquisition of Aluminium Metal Recyclers
Luiri Gold Limited announced that it has entered into a binding share purchase agreement to acquire Aluminium Metal Recyclers (Proprietary) Limited (AMR). AMR is a South African company which owns and operates a metal processing facility.
AMR’s melting facility re‐melts aluminium furnace dross, scrap and off‐cuts primarily generated by aluminium processors or fabricators. At present, the facility is permitted to process 600 tonnes per month.” A new permit application to increase smelting production to 1,150 tonnes per month has been submitted to the relevant authorities and approval for this increase in capacity is expected soon,” the company said.
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The newly installed capability re‐melts bare scrap into sow format and recovers good quality metal units from furnace dross at competitive yields and operating costs.
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