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Africa|Financial|PROJECT|Operations
Africa|Financial|PROJECT|Operations
africa|financial|project|operations

Kropz appoints new financial manager

Kropz's Elandsfontein mine

Kropz's Elandsfontein mine

29th February 2024

By: Marleny Arnoldi

Deputy Editor Online

     

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Aim-listed phosphate miner Kropz has appointed chartered accountant Werner Greyling to succeed Louis Swart as financial manager, with effect from March 1.

Swart will, however, assist the company in the coming weeks to ensure a seamless transition.

Kropz owns 70% of the Elandsfontein project, in South Africa’s Western Cape province, with African Rainbow Capital holding 25% and a smaller empowerment partnership holding 5%.

The project has been plagued by various delays since October 2017 and continues to experience funding shortfalls in ramping up operations at the mine.

The mine is envisioned to produce one-million tonnes a year of phosphate rock concentrate at steady state over a 14-year mine life.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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