South African miner Chrometco files for restructuring

By Sofia Okun
Published: Thursday, 08 July 2021

South African miner Chrometco is filing for a restructuring of its business, and is putting its mining and chrome wash operations on care and maintenance due to the current financial pressures, it has announced.

Chrometco, owned by South African commodity trading house Sail, will apply for restructuring and refinancing to meet commitments to its creditors and employees, according to an announcement published on Monday July 5.

An application for Chrometco’s provisional liquidation was due to be heard by the High Court on July 6,...

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