First stainless produced in Middelburg, part of Rand Mines Group

Expansion to 150 000 tons/year

Columbus Joint Venture formed (IDC, Highveld Steel & Vanadium, Samancor)

Expansion to 500 000 tons/year

Acerinox acquired 64% of Columbus Stainless

Investment plans implemented and achieved 720 000 tons

Acerinox acquired Highveld Steel & Vanadium’s 12% shareholding in Columbus Stainless

IDC acquires 12% BHP Billiton stake. 1 million tons production capacity potential