Multi-year, multimillion dollar agreement underpins Harsco’s commitment to growth in South Africa.
CAMP HILL, PA (Oct. 3, 2018) - Harsco Corp. (NYSE: HSC) announced today that its Metals & Minerals division has successfully signed a multi-year services contract with Middleburg Ferrochrome (MFC), a Samancor operation and manufacturer of charge chrome.
The five-year contract will be the first such opportunity for Samancor and Harsco to collaborate. Under the services agreement, Harsco will provide metal recovery from ferrochrome slag and undertake the commercialisation of slag products as raw materials for the construction and road making industry.
“Harsco has maintained a presence in South Africa for over half a century, and this new partnership marks our commitment to continued growth in the region,” said Harsco Metals & Minerals Chief Operating Officer Russ Mitchell. “Harsco brings years of experience in metal recovery and slag sales to MFC, marketing 7 million tonnes of it per year. We look forward to adding value to Samancor’s business for many years to come.”
Samancor Chrome is one of the largest integrated ferrochrome producers in the world, specialising in the mining and smelting of chrome ore. With an annual capacity of approximately 1.2 million tons of ferrochrome and chromite ore, the ferrochrome that is produced is used in different areas of the stainless steel smelting process.
Situated in Middleburg, Mpumalanga, MFC was established in 1964 as a low carbon ferrochrome production facility. Acquired by Samancor in 1991, MFC currently produces charge chrome from two Submerged-Arc Furnaces (SAFs), two Direct-Current (DC) Furnaces, a Pelletising and Sintering plant (PSP) and a metal recovery plant.
About Harsco Corporation:
Harsco Corporation is a diversified industrial company providing a range of onsite services and engineered products to the global steel, energy and railway sectors. Harsco’s common stock is a component of the S&P SmallCap 600 Index and the Russell 2000 Index. Additional information can be found at www.harsco.com.
Harsco’s Metals & Minerals division is the largest and most comprehensive provider of onsite material processing and environmental services to the worldwide metals industry, with operations at approximately 140 customer sites across more than 30 countries. The division is a technology partner to cleaner, more efficient metal production, providing customers with economically and environmentally viable solutions for the treatment and reuse of production waste streams. www.harsco-m.com.