ASX-listed Luiri Gold has entered a share purchase agreement to acquire Aluminium Metal Recyclers - that owns and operates a metal processing facility in South Africa.

Aluminium Metal Recyclers (AMR) owns a melting facility which re‐melts aluminium furnace dross, scrap and
off‐cuts primarily generated by aluminium processors or fabricators in South Africa.

The facility has a total smelting capacity of 1,150 tons per month, and is currently permitted to process 600 tons per month.

A new permit application to increase smelting production to 1,150 tons per month has been submitted to the relevant authorities and approval for this increase in capacity is expected soon.

Their newly installed capability re‐melts bare scrap into sow format and recovers good quality metal units from furnace dross at competitive yields and operating costs.

Feature image credit: Wikimedia