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...

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 expects improved performance in 2010

After a challenging 2009, Aim-listed Chromex Mining was looking forward to an improved 2010, with chairperson Brian Moritz noting that the company believed it had the foundations in place to deliver an uplift in value for shareholders. The South...

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)...

UK firm to acquire nearly one-half 
of Zim chrome-miner

UK-based chrome-mining company Chromex Mining is to acquire 49% of Zimbabwean mining firm Falvect Mining.

Ferrochrome sector likely to stabilise by third quarter - analyst

South Africa’s ferrochrome industry – heralded for producing about three- quarters of the world’s supply of the anticorrosive alloy – hit a slump in 2008, which spurred an unprecedented shutdown of operations in the country. At present,...

Yes, I think ferrochrome will definitely stabilise by third quarter – Cadiz’ Peter Major

South Africa’s ferrochrome industry - heralded for producing about three quarters of the world’s supply of the anti-corrosive alloy- hit a slump in 2008, which spurred an unprecedented shutdown of operations in the country. At present, only...

Chromex can now also mine gold, platinum at SA chrome operation

Aim-listed chrome producer Chromex Mining has been granted a positive amendment to its mining right over the 271 ha farm Stellite, located in the western limb of the Bushveld Complex, to include platinum group elements (PGE) and gold. The company...

Chromex to build new processing facility at SA mine

Aim-listed Chromex Mining has finalised plans to construct a new processing facility at its Stellite chrome mine in South Africa, where it would temporarily reduce output. The new plant was expected to be fully commissioned by the end of April,...

Chromex starts production at SA chrome mine

Aim-listed chrome-miner Chromex would be entering a cash-generative stage after it started production at its Stellite opencast chrome mine, in the North West province of South Africa, it said on Thursday. Chromex would initially build up a...