Ferro-Alloy Resources Group
Ferro-Alloy Resources Limited (“FAR” or the “Company”) is a Guernsey registered company, formed in 2000, which is the 100% owner of Firma Balausa LLP, the holder of the rights to develop and exploit the giant Balasausqandiq vanadium deposit in Southern Kazakhstan (Kyzylordinskaya Oblast). FAR listed the London Stock Exchangein 2019 and on the Astana International Stock Exchange in 2020. FAR has around 200 shareholders who include well-known institutions, management and individuals or family structures from the UK, Kazakhstan and several other countries. The Company is currently producing vanadium pentoxide, ferro-molybdenum and nickel concentrates, recovered from purchased concentrates and other vanadium-containing materials. The current output capacity is dependent on the type of feed. The Company is part of the way through an expansion to increase output in stages to up to 1,500 tonnes of vanadium pentoxide per year.
Company details
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- Business Type:
- Manufacturer
- Industry Type:
- Fuel Cells
- Market Focus:
- Internationally (various countries)
About Us
The Ferro-Alloy Resources Group (“FAR”) is developing the giant Balasausqandiq vanadium deposit in Kyzylordinskaya oblast of southern Kazakhstan. The ore at this deposit is unlike that of nearly all other primary vanadium deposits and is capable of being treated by a much lower cost process. It is planned that output will be increased in stages to reach 22,400 tonnes of vanadium pentoxide per year, mostly in the form of ferro-vanadium.
FAR is already in production processing purchased vanadium-containing secondary materials to produce vanadium in the form of ammonium metavanadate (“AMV”). FAR currently installing equipment which will enable it to increase production and convert its AMV into the more commonly traded vanadium pentoxide.
In parallel with the existing processing operations, FAR is developing the Balasausqandiq mine and plans to build an additional processing plant which will be entirely separate from and operate independently of the existing processing plant. FAR plans to build the ore-treatment plant in stages to reach a production level of 22,400 tonnes of vanadium pentoxide per year with facilities to convert to ferro-vanadium, the most commonly used form of vanadium. The ore at Balasausqandiq is unlike that of nearly all other primary vanadium deposits and is capable of being treated by a much lower cost process. FAR plans to become the world’s lowest cost primary producer and has the scale of deposit which will allow it to become one of the world’s largest producers.
Group Structure
Ferro-Alloy Resources Limited was established on 18 April, 2000 as a group holding company. The Company’s 100% owned subsidiaries are Ferro-Alloy Products Limited, Vanadium Processing LLP, Energy Metals Limited, Firma Balausa LLP, Balausa Processing Company LLP.
