Mission statement:
"To build a sustainable, profitable and efficient mining and mineral processing company, with emphasis on mineral products required for the international steel industry and in the process to engage in ethical, and environmentally and socially responsible, methods."

International Ferro Metals (IFM) aims to be one of the world's low cost ferrochrome producers through the use of latest mining technology and integrated mine and processing plants. Ferro chrome is an essential ingredient in stainless steel production. On average 18% of stainless steel is chrome.

The IFL chromite mine and adjoining ferrochrome processing operations are situated at Buffelsfontein in South Africa's Bushveld complex, 100 kilometres north-west of Johannesburg. SRK advise that IFL's production costs fall within the lowest quartile of all ferrochrome producers.

The Company intends to expand its current operations with the construction of three additional 66MVA furnaces and ancillary plant. IFL's production capacity is expected to increase by 150 per cent. to 665,000 tpa.

IFL moved from AIM to the Main List of the London Stock Exchange on 31 August 2007 and the Company was included in the FTSE 250 from 21 December 2007 making it the first Australian company to be admitted to the UK index. The Directors believe that IFL is well positioned to take advantage of opportunities for expansion and consolidation in the ferrochrome industry.