Ferrox
- Company typePrivate
- Founded2006
- HeadquartersRoad Town, Tortola, British Virgin Islands
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
Ferrox firmographics
Firmographics- 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
Ferrox industry classification
Industry- 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
Where Ferrox is headquartered
LocationHeadquarters
- HQ city
- Road Town, Tortola
- HQ country
- British Virgin Islands
Offices3 records
Markets served
Ferrox business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D
Revenue model
- 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
Ferrox product offering
Product offeringCore 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.
Companies that use Ferrox
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Ferrox technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Ferrox partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Red River Exploration and Mining (Pty) LtdcoreB-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) LtdcorePrimary 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.
- TransnetcoreState-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
Ferrox competitors and assessment
Company assessmentDirect 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
Ferrox social profiles
Digital presenceFerrox compliance and trust
Trust signalCompliance1 record
Ferrox financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ferrox leadership team
Management profileNumber of profiles
Profiles1 record
Ferrox subsidiaries and ownership
Company hierarchySubsidiaries2 records
Ferrox funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ferrox M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ferrox
What does Ferrox do?
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.
Is Ferrox a public or private company?
Ferrox is a private company. It is classified as venture growth investor backed and is currently operating.
When was Ferrox founded?
Ferrox was founded in 2006. It employs 1 to 10 people.
Where is Ferrox based?
Ferrox is headquartered in Road Town, Tortola, British Virgin Islands.
How does Ferrox make money?
One revenue line is on record: mineral Commodity Sales.
Who are Ferrox's main competitors?
Direct peers on record are Largo Resources, Rio Tinto, Bushveld Minerals, Kenmare Resources, Iluka Resources and Base Resources. Emerging players are Australian Vanadium and Mineral Commodities Ltd. Tronox Holdings is listed as a broad incumbent. Tharisa Minerals is listed as a regional player.
Does Ferrox have an API?
No public API is recorded for Ferrox.
What industry is Ferrox in?
Ferrox's product category is Critical Minerals Mining. Its primary akta.pro industry code is IMAKAFAL, Exploration & Resource Development (Critical Minerals), with a secondary code of IMAKAAAD, Iron Ore Beneficiation & Concentration (Crushing, Screening, Washing, Magnetic Separation). Its NAICS code is 212210 and its SIC code is 1000.