SA competition body approves Ruukki-Kermas JV acquisition

Synergy Africa, a joint venture between Finnish group Ruukki and UK-based investment holding company Kermas, has received clearance from the South African Competition Commission to proceed with its £37-million acquisition of Chromex. The offer...

Ruuki/Kermas JV extends offer period for Chromex

Synergy Africa, a joint-venture between Finnish group Ruukki and UK-based investment holding company Kermas, is still awaiting the approval of the South African Competition Commission for its £37-million acquisition of Chromex. The Commission...

Ruukki-Kermas JV extends offer for Chromex

Synergy Africa, a joint venture (JV) between Finnish group Ruukki and UK-based investment holding company Kermas, has extended the deadline of its £37-million cash takeover offer for Chromex Mining to November 29. Synergy Africa, which was...

Ruukki-Kermas JV offers £37m for Chromex

Newly incorporated joint-venture company Synergy Africa on Thursday announced that it had put a £37-million cash offer on the table for Aim-listed Chromex. Synergy Africa is 51% owned by the Finnish group Ruukki and 49% owned by UK-based...

Hesitant minerals processing equipment market returning

The hesitant market for minerals and metals processing equipment is slowly returning, with users putting significantly more time into researching and evaluating equipment before buying, says process equipment supplier specialist MC Process...

Chromex reports H1 loss, but says market fundamentals picking up

Aim-listed Chromex Mining on Tuesday reported a loss of £399 000 for the interim period ended March 31, 2010, as compared with a £81 000 profit for the same period last year. But the company said that it remained confident of a financial...

Chromex gets Chinese funding for SA mine expansion

Aim-listed Chromex Mining has received USD5-million from a Chinese steel manufacturer, Suzhou Kaiyuan Chemical Company, to fund the installation of a second dense-media separation (DMS) circuit and ancillary plant improvements at its Stellite...

Chromex expands in Zimbabwe with Waylox acquisition

Aim-listed Chromex Mining on Monday announced that it had concluded the $1,15-million acquisition of Zimbabwean chrome mining company Waylox. The acquisition would be paid with $300 000 in cash and the balance in new ordinary shares in Chromex....

Chromex studies PGE extraction at South Africa mine

Aim-listed Chromex Mining has initiated a study to determine the viability of adding a platinum-group element (PGE) floatation plant to treat the tailings arising from the gravity concentration plant at its Stellite operation, in South Africa....

Chromex restarts mining at Stellite as prices improve

Aim-listed Chromex Mining has restarted mining at its Stellite opencast chrome mine in South Africa. The company noted in a statement on Tuesday that improved pricing and chrome market conditions had led to the drawdown of its run-of-mine (ROM)...