Executive Summary
IFM was established in 2002 to acquire, control and expand the chromite mining and processing operations of the Buffelsfontein mine in the North West Province of South Africa. IFM intends to use the proceeds from the placing to construct and bring into production an integrated chromite mine and processing facility to produce ferrochrome. The IFM Directors expect production to commence 18 months after the start of construction. The principal use of ferrochrome is in the stainless steel industry which consumes around 90 per cent of the approximately 6 million tonnes produced on an annual basis. Ferrochrome is added to stainless steel for its corrosion and oxidation resistant properties. Currently, world demand for ferrochrome in stainless steel is high and, according to a report by Heinz Pariser is expected to grow at a rate of 4.4% per annum until 2015.
Company History
Current Events
Business Model
Products/Services
Segments/Customers
Production/Operations
Distribution/Routes to Market
Market & Competition
Market Share
Main Competitors
Competitive Strengths and Weaknesses
Management
Financials
Profit & Loss
Balance sheet
Cashflow
Valuation
Comparable Companies
SWOT Analysis
Strengths
Weaknesses
Opportunities
Threats
