ChromTech Holdings, the South African mine-to-market chrome producer established in 2006, has announced the completion of its R230 million chrome tailings retreatment plant at platinum producer Lonmin.
This is the sixth chrome recovery plant that ChromTech has successfully designed, constructed, commissioned and operated in the last 12 years.
The tailings retreatment plant was completed on time and under budget following a 12-month construction period. The project is part of Lonmin’s larger US$50 million bulk tailings project designed to re-mine and process UG2 tailings material.
Steady state at the ChromTech plant is expected to be reached by March 2018 with production of around 35 000 tonnes of saleable chrome concentrate per month. Some 60 permanent jobs will be created by this venture, the bulk of which will be filled by recruitment from the local community.
ChromTech will market the product through its own logistics and sales infrastructure, which is consistent with company strategy to maximise value throughout the chrome value chain. Says ChromTech CEO Craig Bennett: “Our focus on safety and disciplined strategy execution is yielding excellent results. We are pleased to be creating value throughout the commodity cycle for all stakeholders involved in the project.”
On a further positive note, the company says it is growing an exciting project pipeline, with the synergies from the development of its Bleskop railway siding expected to unlock further value for itself and chrome companies in the surrounding area.