Limeco’s customer base now spans mining, industrial, agricultural and environmental markets across Southern Africa.
Diversification is becoming a key part of the growth story.
#FRG#IndustrialMinerals#LimeProducts
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While mining remains an important customer segment, it is far from the only one.
Limeco is already producing quicklime, hydrated lime and aggregates, while work continues on a high-purity calcium carbonate circuit expected to broaden the product offering further.
Industrial minerals businesses are often more varied than they first appear.
#FRG #IndustrialMinerals #LimeProducts
Limeco's customer base now serves mining, industrial and agricultural markets across Southern Africa.
Diversification is becoming a key part of the growth story.
#FRG#IndustrialMinerals#Quicklime#HydratedLime
Lime products are essential materials across modern industry.
Through this demand the global lime market continues to grow.
With a large limestone resource, established processing infrastructure and product sales building momentum, Firering is very well positioned in this space through Limeco.
#FRG #criticalminerals #quicklime
With its strategic location, long life resource, and expanding production capacity, Limeco is positioned to support Southern Africa’s growing mining sector.
Learn more: https://t.co/e7Y5KgKWL9
Wonderful Group acquiring 55% of Ndola Lime for US$30m (incl. working capital) is another strong signal for the value of quality lime assets in Africa.
For context, Firering acquired 45% of Limeco for US$8.2m, with Limeco targeting up to 800tpd at full production capacity. On a like-for-like basis, the Ndola Lime transaction values a business with a current capacity to operate at ~500tpd at around 3x the implied valuation of Limeco.
#FRG #Lime #Mining
Zambia State Mining Firm Strikes Lime Deal With Chinese Operator reports Bloomberg @business.
Zambia’s state-controlled mining investment company, ZCCM Investments Holdings Plc, agreed to sell a majority stake in a lime and cement venture to a privately held Chinese company.
Wonderful Group of Companies Ltd. will buy a 55% stake in Ndola Lime for $25 million, while also providing the company with a $5 million loan, ZCCM said in an emailed statement. The investment will revive the asset that entered insolvency in 2018, it said.
The deal demonstrates how Zambia’s mining revival is rippling through industries such as copper processing and construction materials, while drawing renewed interest from Chinese investors seeking exposure to the nation’s resources sector.
The purchase is Wonderful Group’s latest Zambian investment. The company has grown to become one of the biggest conglomerates in the southern African nation since its founding in 2011, and has built facilities from fertilizer plants to tile factories and even a sprawling silk farm.
Read in full: https://t.co/0iZjVos0Pq
#Lime #Mining #FRG