History/Timeline

2014
Full BFS for a single 60MW DC furnace commissioned.

2013
Co-generation plant ramps up and the target of producing 11% of electricity requirements within reach. 

2012
Construction of the UG2 Chrome Re-treatment Plant (CRP) at Anglo Platinum’s Waterval operations in Rustenburg successfully completed.

2011
Open pit mining operations started at Sky Chrome and the work began on the roof upgrade at Furnace 1 and Furnace 2.

2010
The Company entered into a UG2 supply agreement with RPM. IFM is entitled to 15,000tpm concentrate and has substantially reduced input cost.

2009
Construction of CDM compliant electricity cogeneration plant.

2008
CDM Project to convert waste gas from its furnaces to electricity.

2007
The beneficiation plant and the pelletising/sintering plant was commissioned. Furnace 1 and Furnace 2 came on line.

2006
First ore extracted at Buffelsfontein in January 2006.

2005
Construction began at IFM’s Buffelsfontein facility. IFM exercised an option to acquire Purity which holds an 80% stake in Sky Chrome. Sky Chrome has an estimated chrome ore resource of 104 million tonnes.