CHROMETCO UNVEILS NEW DIRECTIONS TO ADD VALUE
Johannesburg, South Africa. 17 October 2012. Chrometco Limited (Chrometco; JSE AltX: CMO) – until now a chrome explorer/miner with a single asset, the Rooderand (Rooderand) chrome mine – is repositioning itself to move additionally into platinum group metals (PGMs) and other bulk commodities in South Africa, with the objective to add value for investors.
Undaunted – indeed, motivated – by the current global downturn in the chrome and PGM markets, Chrometco is poised to acquire from Nkwe Platinum Limited (Nkwe), in an all-share transaction, the PGM rights to the Rooderand asset – complete with exploration data. It expects this to give it a solid foothold in the PGMs space. Download full media release»