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METALS & MINING | Specialty

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Stage

Acquired | Acquired

Valuation

$0000 

About Salene Chrome Zimbabwe

Salene Chrome Zimbabwe is a mining company that specializes in chrome and is entitled to the chrome from an area covering approximately 9,500 hectares on the eastern side of the Great Dyke in Zimbabwe.On March 31st, 2021, Salene Chrome Zimbabwe was acquired by Tharisa at a valuation of $3M.

Salene Chrome Zimbabwe Headquarter Location

Zimbabwe

Latest Salene Chrome Zimbabwe News

Tharisa further expands into Zimbabwe with Salene Chrome acquisition

May 5, 2021

Tharisa further expands into Zimbabwe with Salene Chrome acquisition Salene Chrome is a development stage, low cost, open pit asset, located in the Great Dyke in Zimbabwe Tharisa PLC  ( LON:THS ), an integrated platinum and chrome producer with operations in South Africa, said it bought Salene Chrome Zimbabwe (Pvt) Ltd for US$3.0mln. Salene Chrome is a development stage, low cost, open pit asset, located in the Great Dyke in Zimbabwe, which is home to the world's second-largest deposits of platinum group metals and chrome outside of South Africa. “The acquisition provides geographic diversification with access to a premium chrome product, a short development timeline and a low capital requirement,” Tharisa said in a statement. The acquisition, funded from cash resources, was effective 31 March 2021. In June 2018, Tharisa acquired a 26.8% shareholding in Karo Holdings, a company seeking to establish an integrated PGM mining complex in Zimbabwe. Quick facts: Tharisa PLC

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Research containing Salene Chrome Zimbabwe

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CB Insights Intelligence Analysts have mentioned Salene Chrome Zimbabwe in 4 CB Insights research briefs, most recently on Jun 21, 2021.

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