Samancor to cut annual chrome ore production by 29%, alloy by 20%

Samancor Chrome plans to reduce annual chrome ore and ferro-chrome production by 29% and 20% respectively due to poor market conditions, it said on Thursday January 23.

South Africa’s largest ferro-chrome producer provided the update days after confirming proposals to restructure and retrench staff at its mining and smelting operations.
It had also warned in December that production cuts were likely.
Further production cuts will be implemented if the markets do not improve, the company said on Thursday.

“Continued deterioration in market conditions and persistent depressed ferro-chrome and chrome ore prices, coupled with increasing...

Published

Janie Davies

January 23, 2020

13:50 GMT

London