BREAKING: Andalusite Resources stops production as business rescue proceedings announced, Fastmarkets has learned
Published: Friday, 28 June 2019
South Africa's Andalusite Resources has halted the production of the refractory raw material after the exacerbation of financial difficulties, Fastmarkets understands.
The South African andalusite producer entered into a
business rescue process on Thursday June 27, the
producer’s exclusive agent confirmed to
Fastmarkets IM on the same day.
Andalusite Resources accounts for just under a third of all
global andalusite output. The producer has an operational
capacity of about...