Chrometco Repositions Itself For Platinum-Group Metals Acquisition

Mining Weekly reported Chrometco would reposition itself to move into platinum-group metals  and other bulk commodities, on top of its chrome exploration assets.

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.