Ferrox Holdings is majority owner of Tivani Project; ilmenite (TiO2), iron, vanadium (V2O5) and phosphate project which is in an advance development stage. It is located in long term mining region of the Limpopo Province in South Africa.
Founded in the British Virgin Islands (BVI), Ferrox is the holding company for several South African subsidiaries including Tivani (Pty) Limited (Tivani), Tzaneen Mining Project (Pty) Limited (Tzaneen) and Titanium Mining (Pty) Limited (Titanium). The company focus is on Sub Saharan Africa, a continent rich in mineral resources. Ferrox also owns 100%, of Ferrox Holdings (Lux) SA. a Luxemburg incorporated company.
Ferrox is fully compliant with South African black economic empowerment legislation. The Tivani project is 26% owned by Red River Exploration and Mining (Pty) Limited (the BEE compliant vehicle) while Ferrox, through Tivani holds a 64% interest.
Titanium has a 60% interest in the Muhlava Pining (Pty) Limited (Muhlava) prospecting right. Which is part of the Tivani Extension Properties. Muhlava, the black Economic Empowerment compliant entity has a 40% interest. Ferrox via Titanium has an additional 35% shareholding in Muhlava brining its net interests to 74%.
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