Analysts who follow the company advised holding the shares amid a weak global market for chrome and for steel prices in general
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Chromex Mining plc (AIM: CHX) is an AIM quoted dedicated chrome company established to acquire, control and develop chromite mining and processing facilities. It currently has two key mining assets located on the Bushveld Complex in South Africa, which between them have total resources of approximately 41 million tonnes of chromite. Chromex is focused on growing its current resource base with near production projects to supply beneficiated chrome products into the ferrochrome and stainless steel markets. In addition the Company continues to review additional prospects.
10/11/11
Analysts who follow the company advised holding the shares amid a weak global market for chrome and for steel prices in general
30/09/10
Chromex announced it has agreed to be bought by Finnish mid-tier natural resources firm Ruukki and private investment company Kermas. The bid is at 36.5p a share, which values the AIM-listed chromite miner at £37 million.
17/05/10
In a strategic decision, the group is taking full control of ther opencast chrome mine processing plant, and has appointed two hight-quality managers for the job.
09/04/10
It’s been an eventful twelve months with the company focusing on the construction of the Stellite dense media separation plant which is expected to double the current plant capacity.
03/03/10
A study is now underway to determine the economics of adding a platinum group elements floatation plant to treat the tailings produced from the project’s gravity concentration unit.
10/11/09
Chromex Mining reported today that it was continuing to generate positive cash flow and announced the acquisition of additional chrome assets in Zimbabwe.
06/05/09
17/09/08
07/09/07
09/12/10
Chromex takeover declared wholly unconditional30/11/10
Chromex buy-out nears completion with over 91 pct acceptances09/11/10
Ruukki and Kermas now have 83.74% of Chromex Mining, bid extended15/07/10
Chromex Mining soars following 35p per share approach for company29/06/10
Chromex Mining expects to benefit from forecast strong chrome demand09/06/10
Ocean Equities comments on positive outlook for chrome prices and Chromex Mining25/05/10
Chromex Mining secures US$5 million commodity loan10/05/10
Chromex expands to Zimbabwe with acquisition of Waylox Mining05/05/10
Astaire Securities initiates coverage on Chromex Mining06/04/10
Chromex Mining 's Nkosi moves within group, exec director Wyatt steps down