MINING project group TWP Holdings will spend R139,4m in a mixture of cash and shares over three years to acquire the outstanding 50% of process plant specialists TWP Matomo, it said yesterday.

FERROCHROME producer International Ferro Metals (IFM), which is listed in London but operates in SA, had increased its cost estimate for expansion of its processing facilities to R4,15bn from R3,2bn last July, it said yesterday.