UK-based conglomerate GFG Alliance has finalized the purchase of manganese alloy smelter Tasmanian Electro Metallurgical Co (Temco) in northern Tasmania, Australia, from Western Australia-based miner South32.
The deal was subject to a binding sale and purchase agreement with South32 and Anglo American, made in August last year, and meant that Temco would join Liberty Steel Group as part of the GFG Alliance family, the UK firm said on Monday January 4.The Temco facility, which gets its power from Hydro Tasmania, has four submerged arc furnaces, including a sinter plant, and has capacity for around 150,000 tonnes per...