Masorini Iron Beneficiation (MIB) – Phalaborwa plant, South Africa

IMBS has created a joint venture company, MIB (Pty) Ltd, with the Industrial Development Corporation of South Africa (the IDC) to commercialise the company’s iron-making technology. In terms of this structure, IMBS has 62.7% and IDC 37.3% of MIB.

The 50,000tpa production capacacity plant in Phalaborwa is nearing completion of extensive design upgrades and is expected to be back in production in August, 2015.