INDUSTRIAL MINERALS

ASX-listed American Pacific Borates has accelerated construction activities at its Fort Cady borate mine, in the US. This follows the June 1 announcement of A$77-million raised to fully finance Phase 1A of the mine.

JSE-listed industrial minerals and construction materials group Afrimat achieved a 56.9% year-on-year increase in operating profit to R318-million for the six months ended August 31. CEO Andries van Heerden attributed the higher profit to an improved p…