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Chrometco Repositions Itself For Platinum-Group Metals Acquisition
Oct. 17, 2012 12:18PM PST
Precious Metals InvestingMining Weekly reported Chrometco would reposition itself to move into platinum-group metals and other bulk commodities, on top of its chrome exploration assets.
Mining Weekly reported Chrometco would reposition itself to move into platinum-group metals and other bulk commodities, on top of its chrome exploration assets.
As quoted in the market news:
Despite the current global downturn in the chrome and PGM markets, Chrometco is looking to acquire the PGM rights to the Rooderand asset from Nkwe Platinum, which should give it a solid foothold in the PGMs space.
Cilliers said Chrometco was also scouting for other acquisitions, highlighting that the company was in a “comfortable position” with cash in the bank, no debt and low costs.