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Chrometco Ltd (CMOJ)

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31/12 - Closed. Currency in ZAR ( Disclaimer )
Type:  Equity
Market:  South Africa
ISIN:  ZAE000070249 
S/N:  CMO
  • Volume: 0
  • Bid/Ask: 6 / 7
  • Day's Range: 6 - 6
Chrometco 6 0 0.00%

Chrometco Ltd Company Profile

 
Get an in-depth profile of Chrometco Ltd, including a general overview of the company's business and key management, as well as employee data and location and contact information.
IndustryMetals & Mining
SectorBasic Materials
Employees

-

Equity Type

ORD

Chrometco Limited is a South Africa-based mining and exploration company, which focuses on Chrome mining and processing in South Africa. In addition, the Company focuses on the investigation of other chrome and base metal properties for exploration purposes and on researching and investigating business development opportunities. The Company has prospects in the Limpopo Province of the Republic of South Africa. Its fields of interest include mining, concentrating, and beneficiating various metals and their ores, in particular chrome, platinum, copper, cobalt, nickel, and manganese. It operates the chrome processing plant and manages the logistics process to export product through its subsidiary, Sail Minerals (Pty) Ltd. Black Chrome Mine (Pty) Ltd, the owner of the mining right, is controlled by the Company through 51% interest in Sail Resources (Pty) Ltd, which in turn owns 64% of Black Chrome Mine (Pty) Ltd.

Contact Information

Address Unit 25 Sunninghill Office Park
4 Peltier Drive Sunninghill Johannesburg, 2196
South Africa
Phone 27 11 239 8800
Fax -

Top Executives

Name Age Since Title
Louis J. Jordaan 51 - Independent Non-Executive Director
Nokuthula P. Thomas 47 - Independent Non-Executive Director
Bhekokuhle Lindinkosi Sibiya 66 - Independent Non-Executive Director
Gregory David Hunter - 2023 Non-Executive Chairperson of Board
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CMOJ Comments

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mabule lekete
mabule lekete Feb 28, 2024 12:23PM ET
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Chrometco Limited, currently listed on the Alt-X section of the JSE, has recently entered into conditional agreements with the Sail Group of Companies. These agreements will result in Sail acquiring just under 90% of Chrometco. In exchange, Chrometco will receive: Cash A controlling stake in two fully financed chrome projects A stake in Sail Minerals Sail is an international commodity trading company with a special focus on chrome. They are known for inventing the Chrome market’s benchmark product, Run Of Mine (ROM). Sail has exported a significant volume of chrome ore over the past few years and recently acquired two chrome assets in the Eastern and Western Limb of the Bushveld Igneous Complex. These projects are expected to produce up to 1 million tons of high-grade chrome ore per year at a competitive cost1. However, it’s important to note that Chrometco has faced challenges, including auditing woes and legal battles, which led to the suspension of its shares on the JSE since J
Madlee Mad
Madlee Mad Feb 09, 2021 3:37AM ET
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chrometco any news ?
 
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