BREAKING: Andalusite Resources stops production as business rescue proceedings announced, Fastmarkets has learned

By Davide Ghilotti
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...

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