RE: NT to buy £2507 Aug 2025 13:56
Yuval Cohen, Chief Executive Officer of Firering, commented: "We are pleased to have completed this placing and subscription, which was largely supported by existing shareholders who recognise the value of our investment in the exciting Limeco quicklime project. Their backing reflects growing confidence in Limeco's ambition to become a leading regional producer of quicklime, a critical input for the copper sector and broader industrial markets across Southern and Central Africa.
"Since refiring Kiln 1 on 10 May 2025, we achieved 70 consecutive days of uninterrupted production, our longest continuous run to date. During this period, we identified several opportunities to increase daily output. A recent short downtime window is now being used to implement various upgrades, including the installation of a more powerful suction fan motor to improve calcination efficiency and overall productivity. Accordingly, Kiln 1 is expected back online in early August.
"Additionally, renovation work on Kiln 2 is now underway and will incorporate a range of enhancements to support a smooth and efficient start-up. This is a key priority, particularly in light of the strong market demand evidenced by follow-on enquiries since our first sales in June, which have already exceeded our current production capacity.