"IFM widens loss, new CEO upbeat about outlook" by wentworth

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December 13, 2012 - 9:37am

<p> JOHANNESBURG (miningweekly.com) – London-listed International Ferro Metals (IFM) on Monday reported an increased loss of 24c a share for the year ended June 2011, but newly appointed CEO Chris Jordaan remained confident that the company was “better positioned than it has been for a long time”.</p> <p> The results compared with a loss of 15c a share in the 2010 financial year.</p> <p> IFM widened its after-tax loss to R135-million from R86-million in the prior financial year, on the back of lower production and sales.</p> <p> Ferrochrome production fell by 3% to 194 860 t, owing to furnace roof leaks and planned shut downs during furnace roof upgrade projects. How<a href="http://www.coalorecrusher.com/gold-project/stone-gold-dredging-washingt


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