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The company added that as a consequence, the Mining and Chrome Wash Plant operations will be placed in care and maintenance and Sail Minerals will be applying for Business Rescue. The company said that it is hopeful that a restructuring and capital raising process has reasonable prospects of success, with a potential restart of its operations
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The monthly underground production of 10.515 tonnes with average Cr2O3 grade of 39.00% was achieved, as well as the Moeijelijk chrome ore resource of 3.930 million tonnes with a CrO3 grade of 33.54% being declared. Moeijelijk invested in the chrome spiral circuit wash plant and primary crushing circuit which started production in November 2018.
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The company added that as a consequence, the Mining and Chrome Wash Plant operations will be placed in care and maintenance and Sail Minerals will be applying for Business Rescue. The company said that it is hopeful that a restructuring and capital raising process has reasonable prospects of success, with a potential restart of its operations
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