https://www.miningweekly.com
Africa|Mining
Africa|Mining
africa|mining

Afarak sells Stellite chrome mine to South African company

31st May 2021

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

London-listed Afarak Group is nearing the finalisation of the sale of its Ilitha plant, assets and mining right, in South Africa, to WMA Chrome Mining and WMA Minmet Processing for R400-million, or €23.8-million.

Ilitha is a South African company that owns the Stellite mine, located on the western limb of the Bushveld Complex.

South African company WMA will pay the purchase consideration in three tranches, the first of which is expected to be within 30 days from the date of signature, the second within 12 months and the third in instalments over five years.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.31 0.376s - 102pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: