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Glencore to meet annual production guidance, closes two ferroalloys smelters in South Africa
The Star
|July 31, 2025
DIVERSIFIED mining resources group Glencore reviewed its industrial asset portfolio in the six months to June 30, identified $1 billion of cost savings to be realised by the end of 2026, and closed two ferroalloys smelters in South Africa.
“A comprehensive review of our industrial asset portfolio recognised opportunities to streamline our industrial operating structure, to optimise departmental management and reporting, and to support enhanced technical excellence and operational focus,’ CEO Gary Nagle said at the release of a production report on Wednesday.
The review of the sustainability of the ferroalloys smelting operations was done. The Boshoek and Wonderkop smelters in the North West Province were indefinitely suspended in May and June 2025, respectively, "pending sufficient recovery in the ferrochrome market." Operations at the Lion smelter, in Limpopo, were temporarily suspended, undergoing scheduled annual maintenance and planned rebuilds.
Cette histoire est tirée de l'édition July 31, 2025 de The Star.
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