Ferrox

Name

Ferrox

Legal name

Ferrox Critical Minerals

Website

https://ferroxminerals.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Critical Minerals Mining

NAICS

Iron Ore Mining (212210), Iron and Steel Mills and Ferroalloy Manufacturing (331110)

SIC

Metal Mining (1000)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industry

Iron Ore Beneficiation & Concentration (Crushing, Screening, Washing, Magnetic Separation) (IMAKAAAD)

Keywords

• Critical minerals mining
• Titanium dioxide production
• Vanadium pentoxide extraction
• Iron ore processing
• Titaniferous magnetite mining

Headquarters

HQ city

Road Town, Tortola

HQ country

British Virgin Islands

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Mineral Commodity Sales: Ferrox generates revenue through the sale of critical mineral products including titanium dioxide (TiO2) slag, pig iron, ilmenite concentrate, and vanadium pentoxide. The company operates a multi-product model extracting titanium, iron, and vanadium from a single orebody, providing natural margin resilience through commodity diversification.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Ferrox Critical Minerals is a mining company developing the Tivani Deposit, a NI 43-101 compliant titaniferous magnetite resource of 471 million tonnes in South Africa's Limpopo Province. The company produces titanium, iron, and vanadium commodities including ilmenite concentrate, titanium dioxide slag, titanium slag (87%-92%), ferro-titanium70, pig iron, vanadium pentoxide, ferro-vanadium, magnetite concentrate, and phosphate through open-pit mining and pyrometallurgical processing. Three revenue streams from a single orebody provide commodity diversification and margin resilience.

Product overview

Ferrox Critical Minerals operates as a mining company developing the flagship Tivani Deposit, a large-scale titaniferous magnetite resource in South Africa's Limpopo Province. The company produces a portfolio of critical mineral products through conventional open-pit mining and downstream processing. Core products include ilmenite concentrate, titanium dioxide, titanium slag (87%-92%), ferro-titanium70, pig iron, vanadium pentoxide, and ferro-vanadium, with magnetite concentrate and phosphate as byproducts. The multi-commodity approach provides three primary revenue streams (titanium, iron, and vanadium) from a single orebody, with smelter testwork confirming production of TiO2 slag and pig iron. The company targets production by 2027.

Differentiator

Problem solved

Functional benefit

Products and services

• Ilmenite Concentrate A titanium-bearing mineral concentrate (44%-50% TiO2) produced from the Tivani titaniferous magnetite deposit, serving as a raw material for titanium slag and synthetic rutile production.
• Titanium Dioxide (TiO2) Ultra-white pigment prized for light-scattering and UV-resistance properties, used in paints, coatings, plastics, cosmetics, and pharmaceuticals. The TiO2 industry represents approximately a $20 billion global market.
• Titanium Slag (87%-92%) High-grade titanium slag produced through smelting of ilmenite concentrate, serving as feedstock for titanium metal and pigment production.
• Ferro-Titanium70 Titanium-iron alloy containing approximately 70% titanium, used as a steel additive for strengthening and lightweighting applications in automotive and aerospace industries.
• Pig Iron (Brazilian Grade) Iron product produced by smelting ilmenite in electric furnaces, supplied in ingot sizes ranging from 3 kg to over 50 kg, primarily used in steelmaking.
• Vanadium Pentoxide Vanadium compound used as a steel additive and emerging application in industrial rechargeable batteries, representing approximately 85% of vanadium demand for steel strengthening.
• Ferro-Vanadium Vanadium-iron alloy (approximately 80% of vanadium production) used to make shock- and corrosion-resistant steel additives, with applications in automotive, tools, space vehicles, and nuclear reactors.
• Magnetite Concentrate Iron oxide concentrate recovered during ore processing, used in steelmaking and industrial applications.
• Phosphate Mineral product with applications in agribusiness and fertilizers, reflecting increasing demand driven by population growth.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core.

• Red River Exploration and Mining (Pty) LtdcoreStrategic or Co-development Partner · 1 January 2013B-BBEE partner holding 26% interest in the Tivani project. Red River Exploration and Mining (Pty) Ltd has the option to extend its participation by acquiring neighbouring extension properties, contributing to the project's Black Economic Empowerment compliance.
• Leisitele (Pty) LtdcoreChannel Partner/ Reseller/ DistributorPrimary mine services contractor candidate for the Tivani project. A South African operator with the equipment and operating history required for a project of this scale. The partnership aligns with Ferrox's commitment to local content and B-BBEE requirements.
• TransnetcoreStrategic or Co-development PartnerState-owned freight operator providing rail transport. Ferrox is nearing definitive agreements with Transnet for rail transport to Maputo and Richards Bay ports. The existing Transnet Freight Rail line sits approximately 6 km from the project.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Largo Resources: Brazilian vanadium pentoxide producer (Maracás Menchen mine) — directly comparable as a primary V2O5 supplier serving both steel strengthening and emerging vanadium battery markets.
• Rio Tinto: Global diversified miner operating Richards Bay Minerals in South Africa, producing TiO2 slag, ilmenite, pig iron, and zircon — directly comparable products and same operating geography as Ferrox.
• Bushveld Minerals: South African vanadium producer operating Vametco and Vanchem — directly comparable as a vanadium producer in the same jurisdiction with similar end-market exposure (steel alloys and emerging battery applications).
• Kenmare Resources: Mozambique-based mineral sands producer (Moma mine) supplying ilmenite, rutile, and zircon — comparable product suite with similar African operating environment to Ferrox's Limpopo operations.
• Iluka Resources: Leading Australian mineral sands producer of ilmenite, rutile, synthetic rutile, and zircon — directly comparable as a primary ilmenite/titanium slag supplier in the same commodity value chain.
• Base Resources: African-focused mineral sands producer (Kwale in Kenya, Toliara in Madagascar) producing ilmenite, rutile, zircon, and leucoxene — directly comparable ilmenite producer with similar geographic exposure.

Emerging players

• Australian Vanadium: Australian vanadium developer at pre-production stage with a large vanadium-titanium-magnetite resource — comparable as an emerging player in the same critical minerals space with multi-commodity optionality.
• Mineral Commodities Ltd: Mineral sands and industrial minerals producer operating Tormin in South Africa and Skaland in Norway — comparable emerging producer of ilmenite and related mineral concentrates with South African operating exposure.

Broad incumbents

• Tronox Holdings: Vertically integrated TiO2 pigment producer with upstream mineral sands assets spanning mining through finished pigment — broad incumbent across the same TiO2 value chain where Ferrox operates upstream.

Regional players

• Tharisa Minerals: South African miner producing chrome concentrates and PGEs, with shared management pedigree (Ferrox management has historical ties to Tharisa) — comparable regional mining operator with similar South African operating context.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ferrox-criticalminerals

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ferrox