South African miner Chrometco files for restructuring
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
An application for Chrometco’s provisional
liquidation was due to be heard by the High Court on July