HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Ferrochrome price going strong

https://globenewswire.com/news-release/2017/04/27/973345/0/en/Outokumpu-Strong-start-to-the-year-Group-adjusted-EBITDA-at-EUR-294-million.html

Highlights in the first quarter 2017

Outokumpu’s adjusted EBITDA was EUR 294 million, compared to EUR 29 million in the first quarter of 2016. The improved performance was a result of successful continuation of productivity and efficiency improvement measures, supported by strong market fundamentals and higher ferrochrome prices.

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https://www.thestandard.co.zw/2017/04/30/chrome-price-boom-creates-scramble-claims/

 

Chrome price boom creates scramble for claims

April 30, 2017 in Business

A boom in the international price of chrome has seen foreign companies scrambling for chrome claims in the country, Standardbusiness has learnt.

BY FIDELITY MHLANGA

The ministry of Mines is currently clogged by enquiries from prospective investors in the chrome sector, deputy minister Fred Moyo said last week.

The price is good and this is evidenced by the number of foreign companies that are scrambling for our chrome now. Everybody is looking for our chrome right now. So it tells you that it’s doing well. In the short-term, these companies want to buy ore. Remember we said ore can be exported but in the long term, our underlining principle is one of beneficiation. So they also then set-up plants. So there is a lot of interest,” he said.

Moyo said it was critical for Zimbabwe to take advantage of the prices of ferrochrome and avoid bureaucratic processes and move with the times in order to accommodate chrome investors.

“There is a lot of work that has to be done quickly. The prices of ferroalloy are very high. If we don’t take advantage of the price boom, we are going to lose out again. Remember gold went up to $1 800 per ounce but at that point we could not capitalise because our companies were struggling moving from the Zimbabwean dollar to the United States dollar,” he added.

According to a mining markets and investment website, InvestmentMine, ferrochrome prices grew by 27% to $2,29 per kg as at the end of March, from $1,80 per kg in April 2016.

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