Resumen de Poor investor sentiment is holding back South African fluorspar
Hosting the world's largest reserves of fluorite, South Africa has been the focus of increased fluorspar exploration in recent years, however weakening prices for fluorspar and fluorochemicals since 2012 have undermined financial backing for projects.
This is despite feasibility studies showing Doornhoek contains more than 50m tonnes fluorspar at an average grade exceeding 20% calcium fluoride (CaF[subscript]2 ), according Allan Saad, senior geologist with ENRC.
Saad told IM that Doornhoek is a promising project with 80-85% CaF[subscript]2 recovery of acidspar and limited impurities and that considering the weakness of the South African rand against the US dollar, the site should not be expensive to develop.
