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Fluorspar forging ahead

February 25, 2010 - 00:00 GMT

KEYWORDS: Fluorspar , metspar , aluminium , steel , pricing analysis

Metspar and acidspar demand bolstered by healthy outlook for aluminium and steel

North America

Sure to have an impact is the sale of UK fluorochemicals producer Ineos Group to Mexico’s Mexichem Fluor SA de CV the world’s largest fluorspar miner  which is the relatively young union between hydrofluoric acid (HF) producer Quimica Fluor and the Las Cuevas fluorspar miner, Mexichem Fluor.

At the time of press, the sale (worth $350m.) is expected to be completed at the end of March 2010 following regulatory filings and approvals. It will give Mexichem control over all of Ineos Fluor’s operations in North America, Europe and Asia which, after the transaction, will have an estimated annual sales revenue of $500m.

Mexichem operates a 970,000 tpa fluospar mine in San Luis Potosi, central Mexico, of which 45% is processed into metallurgical grade and the remainder into acid grade fluorspar.

Another leading Mexican fluorspar producer, Fluorita de Mexico SA...

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