BBBEE Rating Update Refractory & Metallurgical Solutions has improved its BBBEE rating to level 4, in the latest 2022 audit. This has been a 4 year journey for the company to improve its rating from being non-compliant. In addition, the company improved its ownership structure in 2019 to have more than 36 percent black ownership, […]
RMS is pleased to announce that it has received accreditation as per clause 2.2.3, Verification of local content, under the Mining Charter: broad-based socio-economic empowerment charter for the mining and minerals industry: 2018. The products that have been verified for local contents of more than 60 percent include RMS magnesia chrome-based refractory bricks and andalusite-based […]
Ocean freight rates have soared greatly for all trade routes since September 2020 due to the ongoing impacts of the COVID-19 pandemic. The freight rates in August 2021 reached $10,174/TEU, an increase of 466% in 2020. Asia-US West Coast rates shot up to $18,346/TEU, more than 6x its level a year ago.Asia-US East Coast costs […]
As part of the localisation requirements for the new South African Mining Act, all suppliers to mines in South Africa must have their products validated for more than 60 percent local content to be recognised under the Acts BBBEE procurement codes. This is to encourage local manufacturing of mining goods and stimulate the local economy. […]
Refractory and Metallurgical Solutions has recently completed its 2021 BBBEE audit and have improved from Level 7 to Level 5. Our target was Level 4, unfortunately, Covid-19 during 2020 hampered our efforts. However, the key highlights for RMS are: Black ownership is 33,08 percent with Black Female Ownership being 4,10 percent;Local manufacturer of refractory bricks […]
Refractory & Metallurgical Solutions has recently launched thermal scanning services. How it Works To inspect refractory material in furnaces, as well as kilns, the equipment must stop being used and then inspected visually. However, with the use of thermal imaging, production can continue whilst scanning the furnace or kiln. Hot spots will show up while […]