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Chromite market challenge continues .
In April the company reported that "Given continued depressed commodity prices, the focus has been on maximising PGM recoveries and higher value add chemical and foundry grade chrome concentrates." USbased bentonite and chromite producer Amcol International Corp. was acquired by Mineral Technologies Inc. (MTI) of the USA in 2014.
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Mining News, Mining Companies Market . Mining news and commentary from around the globe. Daily updates on gold and commodity prices, exploration, mine development and mining company activities.
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Southern Africa itself produces about half of this. Chromite is mined from the ultramafic rocks in the Zhob District of Balochistan. Most of the chromite is of metallurgical grade with Cr2O3 averaging 46% and a chrome to iron ratio of 3:1.
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The Company is the largest producer and exporter of Chromite Ore in Oman and also has concession for Gold Copper. Oman's mining industry has grown by leaps and bounds in recent years following the promulgation of a revamped Mining Law in 2003 that incentivizes investment in mining and mineral processing activities.
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