Company Profile
Overview
Chromex Mining plc (AIM: CHX) is an AIM quoted dedicated chrome production company established to acquire, control and develop chromite mining and processing facilities. It currently has two key mining assets located on the Bushveld Complex in South Africa, which between them have total resources of approximately 41 million tonnes of chromite.
Stellite Project – Western Limb
- 31.9Mt opencast and underground resource with a New Order Mining Right
- Commenced production July 2008
- Benefication plant commissioned June 2009
- Currently producing circa 20,000 run-of-mine (ROM) tonnes per month - aim to double by Q3 2010
- Mining Right expanded to include all PGMs and gold - metallurgical testwork currently being undertaken on chrome tailings
Mecklenburg – Eastern Limb
- 9.6Mt underground resource with a bankable feasibility study completed in March 2007, New Order Mining Right
Additionally, in line with the Company’s strategy of building a broad portfolio of chrome and related mineral assets across southern Africa, Chromex has expanded its operations to Zimbabwe. The Company has concluded the acquisition of Waylox Mining (Private) Limited, a chrome mining company operating in Zimbabwe with a 683Ha land position in the prospective Darwandale area and signed a binding Heads of Agreement acquiring 49% of Falvect Mining (Private) Limited in Zimbabwe.
The information above is disclosed in accordance with AIM Rule 26.
Published : 19/05/2010 07:45:19
Latest News
16.08.2010
19.08.2010
31.08.2010
Delayed Share Price
Mid: 31.50p (0.00%)
Bid:
30.00p
Ask:
33.00p
Last Trade: 31.50p
Last Close: 31.50p
Data delayed at least 15 minutes
Chromex Mining PLC trade on the LSE. (Symbol: CHX)