JOHANNESBURG (1 June 2021) Acrux Sorting Technology (Pty) Ltd (“AST”), a wholly owned subsidiary of commodity resource and technology specialists, Acrux Resources (Pty) Ltd, and Ata Fund I (RF) (Pty) Ltd (“Ata Fund I”), a subsidiary of a private equity fund managed by Ata Capital (Pty) Ltd, are pleased to announce the signing of a shareholder’s agreement whereby Ata Fund I now owns 33.3% of AST.
Sensor-based sorting is an umbrella term covering all applications where defined physical characteristics are detected by sensors and used to differentiate particles. These physical characteristics could include atomic density, colour and spectrometry. Particles that fall outside of defined characteristic parameters are rejected by a focused jet of air, thereby protecting the value of the retained commodity. AST’s solutions reduce the extractive industry’s environmental footprint and liability, while simultaneously improving yield and reducing costs for resource owners.