{"id":8481,"date":"2012-03-01T14:48:14","date_gmt":"2012-03-01T12:48:14","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/intl-ferro-to-shut-furnaces-to-help-s-africas-eskom-save-power\/"},"modified":"2012-03-01T14:48:14","modified_gmt":"2012-03-01T12:48:14","slug":"intl-ferro-to-shut-furnaces-to-help-s-africas-eskom-save-power","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/intl-ferro-to-shut-furnaces-to-help-s-africas-eskom-save-power\/","title":{"rendered":"Intl Ferro to shut furnaces to help S.Africa&#8217;s Eskom save power"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Co to shut two furnaces between March and May<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Shutdown not to hurt other operations<\/p>\n<p><span><\/span><\/p>\n<p>* Says compensation a net financial benefit<\/p>\n<p><span><\/span><\/p>\n<p>March 1 (Reuters) &#8211; Ferrochrome producer International<br \/>\nFerro Metals Ltd agreed to shut two of its furnaces to<br \/>\nhelp South African utility Eskom manage tight<br \/>\nelectricity supply.<\/p>\n<p><span><\/span><\/p>\n<p>International Ferro did not say how much Eskom was paying as<br \/>\ncompensation but said it was a &#8220;net financial benefit to the<br \/>\ncompany.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The company said it did not expect the shutdowns to<br \/>\nsignificantly impact other mining and ore beneficiation<br \/>\noperations, and its contracts with customers. No job cuts were<br \/>\nanticipated either.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa has been struggling to meet demand for power as<br \/>\nnew power plants meant to plug the shortfall have been delayed.<br \/>\nSupply would remain vulnerable until the first units of Eskom&#8217;s<br \/>\nnew stations become operational next year.<\/p>\n<p><span><\/span><\/p>\n<p>State-owned Eskom had struck similar agreements with other<br \/>\nferrochrome producers such as Xstrata, Samancor and<br \/>\nRuukki.<\/p>\n<p><span><\/span><\/p>\n<p>Sydney, Australia-based International Ferro produces<br \/>\nferrochrome &#8212; the essential ingredient in stainless steel &#8212; at<br \/>\nits facilities located in South Africa.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Co to shut two furnaces between March and May * Shutdown not to hurt other operations * Says compensation a net financial benefit March 1 (Reuters) &#8211; Ferrochrome producer International Ferro Metals Ltd agreed to shut two of its furnaces to help South African utility Eskom manage tight electricity supply. International Ferro did not [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8481","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8481"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8481\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}