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AL CIRCLE

Luiri Gold announces the acquisition of Aluminium Metal Recyclers

EDITED BY : 1MINS READ

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.

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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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EDITED BY : 1MINS READ

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