Chrometco’s ‘financially distressed’ Black Chrome Mine goes into business rescue

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The mine’s board believes the move is the best option to facilitate a rehabilitation of the mine and to ensure its long-term survival

Metals and mining group Chrometco says the board of its subsidiary, Black Chrome Mine , has placed the entity into voluntary business rescue in a bid to rehabilitate it.

Chrometco said in a Sens announcement on Tuesday the decision was necessary after it was hit by stoppages during the hard Covid-19 lockdowns...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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