Ferrex PLC (Ferrex) focuses on producing iron and manganese ore at low-cost. Ferrex focuses on three projects: two prospective mineral properties for iron ore and manganese located in South Africa (the Malelane Project and the Leinster Project) and one prospective mineral property for manganese located in Mozambique (the Changara Project). The Malelane Project is located over part of the Archean Barberton Greenstone Belt. The Company has an interest in an iron ore property in South Africa, the Malelane Project. It also has an interest in a joint venture at Changara in Mozambique. On 23 November 2010, the Company acquired Southern Iron, which became the wholly owned subsidiary of Ferrex. The wholly owned subsidiries of Southern Iron include: Moongate, Umbono Minerals, Mozambique Joint Venture (JV).