The CEO of the Industrial Development Corporation (IDC) has advised me that the following total production volumes were achieved for the 10 year period from 2013-2022:
The Mine and acid plant had not been operating at full capacity for a number of years. Improvements to the infrastructure, power supply and additional technical capacity is required to improve production and capacity utilisation. The IDC has regularly engaged the Foskor leadership to improve operational performance and works with Transnet on logistics and Eskom on the energy related issues.
Following operational improvements made and favourable market conditions, a projected improvement in output for the current financial year is expected to increase capacity utilisation at the mine to 95% and a substantial improvement at the plant.
The IDC is the majority shareholder in Foskor, holding 59% of the Foskor shares. The IDC does consider potential Strategic Equity Partners for businesses that it is involved in.
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