Case studies

Acquiring an Integrated Aluminium Complex

Prospective bidder for an integrated aluminium complex (bauxite, alumina and primary aluminium) required advice. The power contract for the smelter was due to expire becoming a critical determinant of the plant’s sale value.

Conceptual study of a silicon metal plant in the Middle East

A Middle Eastern investment group wished to examine the economic rationale for establishing a silicon metal plant in the region.

Option Value of a High-Cost Alumina Refinery

An integrated aluminium producer wished to understand the full value of a high-cost alumina refinery, incorporating the value of the flexibility to open and close the refinery in response to spot or contract alumina prices.

Pre-feasibility Analysis of a Greenfield Ferro-Manganese Plant

Existing producer of ferroalloys, but unfamiliar with proposed country, needed a pre-feasibility study to understand the investment and operating cost environment much more clearly to determine the viability of the scheme.

Valuation of a Metallurgical Coke Plant

Owner of a metallurgical coke plant in North America considering strategy for the plant, including whether to construct a co-generation facility.

Valuation of African Mining Assets for a Junior Mining Company

A junior mining company was interested in reopening a derelict mine, concentrator, smelter and refinery in Congo and wanted to identify the most valuable.

Valuation of Troubled Australian Metals Company for Major Metal Company

An Australian metals company got into difficulties and become available for acquisition. Our client wanted to know what the company and the individual assets were worth in a very short space of time.

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