Lanxess sells South African chromite mine to Clover Alloys

Specialty chemicals company Lanxess has sold its South African chromite mine to local chrome ore producer Clover Alloys (SA) Proprietary Ltd, Lanxess said on Tuesday November 19.

The company had been trying to sell its chrome mining asset for over a year, but until recently had failed to find an interested buyer. The asset consists a 74% stake in the Rustenburg chrome ore mine. Lanxess, which is also in the process of completing the sale of its chrome chemicals business in South Africa, will be left with no outstanding mining operations in the country once the sale is completed. Sources at the company put the mine’s capacity at around 250,000 tonnes per year, between metallurgical,...

Published

Davide Ghilotti

November 19, 2019

12:30 GMT

London