Local news

Richards Bay Alloys closes ferrochrome smelter plant

Richards Bay Alloys cites rising rising costs for electricity and labour among reasons for permanent closure of its ferrochrome smelter

After years in operation and efforts to keep it afloat, Richards Bay Alloys has announced the permanent closure of its ferrochrome smelter.

The company said the decision to shut the smelter was due to the ‘current micro and macroeconomic conditions, along with rising key cost factors such as electricity and labour’…

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