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Chrome

Given the size of its resource, Sol Teh Solutions is well positioned to continue supplying into and benefiting from the projected growth in demand for chrome for a long time.

Chrome products are produced from chromite containing ores, such as the Middle Group Chromitite layers of the Bushveld Complex. The key drivers for the production of chrome are the ferrochrome and stainless steel industries. Some 85% of all chrome produced is converted into ferrochrome by a smelting process. Ferrochrome is a raw material used in the manufacturing of stainless steel. Chrome is also utilised in foundries and the chemical industry, however small in comparison to the stainless steel industry.

CRU estimates that 75% of global chrome resources are in South Africa and accordingly South Africa is the largest chrome concentrate producer. South Africa, Turkey, Kazakhstan and India were the top chrome producing countries in 2012, and account for over 70% of global production. Chrome ore production is expected to have a long-term stable demand, as a result of the demand for stainless steel.

Given the size of its resource, the Group is well positioned to continue supplying into and benefiting from the projected growth in demand for chrome for a long time.

 

All CHROME transactions - Procedures must please be adhered to:

  • Buyers sign NCNDA

  • We forward LAB Report to the Buyers

  • Buyers issue Proper LOI to the Mine / Sol TEch Solutions (PTY) LTD

  • Sellers (the mine) issue Contract and Invoice to the Sellers

  • Buyers sign Contract and Invoice - then Prove Funds (POF)

  • Viewing of Product at the mine -Buyers are welcome to do further Lab Tests to confirm the quality

  • Buyers Pay and lift the Chrome

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