Chromex Mining Ltd

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Chromex Mining Ltd

chromex - Mining companies in Africa
  • Year Founded: 1975
  • Key People: Brian Moritz – Executive Chairman, Russell Lamming – Chief Executive Officer, Graham Stacey – Chief Operating Officer
  • Mined Resources: Chromite
  • Operational Regions: South Africa and Zimbabwe

Chromex Mining Ltd specialises in chrome ore mining and processing and is a subsidiary of the Finnish holding company Kermas Investment Group. The two main Chromex Mining Ltd projects are located on the western and eastern limbs of the Bushveld Complex in South Africa, an area in which more than 70% of the chrome deposits in the world are found and nearly half of the global chrome production occurs

History and operations

The company has two major mining assets and both are located in South Africa on the Bushveld Complex. Between the two assets there is a total of over 40 million tonnes of chromite. The projects are the Stellite Project (Western Limb) and the Mecklenburg Project (Eastern Limb). The Stellite project started production in July 2008. It has a New Order Mining Right and operates a 31.9 meter opencast and underground resource. In June 2009 the benefication plant was commissioned. Soon after the project started producing around 20,000 run-of-mine tonnes a month and a new target was set: to double production by the third quarter of 2010. Mining rights were then expanded to include gold and all PGMs, and testing on chrome tailings commenced. The Mecklenburg project started after a bankable feasibility study was completed in March 2007. The project also has a New Order Mining Right and consists of a 9.6 meter underground resource. In line with the company vision of expansion into other countries Chromex Mining Ltd acquired Waylox Mining Ltd, a chrome mining firm located in Zimbabwe across an area of 683 hectares of land in the Darwandale area. Furthermore a Heads of Agreement was signed confirming the acquisition of 49% of Falvect Mining Ltd, another operation in Zimbabwe. .

Mission and vision

The Chromex Mining Ltd mission is to establish, acquire, control and develop chromite mining and processing facilities throughout South Africa with the aim of expanding and building resources. Chromex Mining Ltd envisions building an extensive portfolio of chrome and other related mineral assets while expanding operations into other countries.

Directors and Management

The executive chairman of Chromex Mining Ltd is Brian Moritz, a chartered accountant with vast international experience. Moritz was previously a senior partner at Grant Thornton, one of the top global accounting companies at their London branch. In addition to serving on the board of Chrome Mining Ltd, he also holds several other directorships at mining and exploration companies and is registered as an adviser at the London Stock Exchange. Russel Lamming is the chief executive officer of Chromex Mining Ltd. With major experience in the mining and resources industry, Lamming is a veteran in the field. He previously held the role of analyst for a major global precious metals broker and also various directorships. Lamming led African Platinum Plc and was part of the Leeuwkop project development team. He played a vital role in the acquisition of the company by Impala Platinum.