One stop for exploration, development and operations - for example at Thaba Mine
Our operations in South Africa began with strategic development and the acquisition of exploration rights in 2008, after which we systematically expanded our activities.
Since 2011 we have been mining chromite ore at the Thaba CRONIMET Chrome-Platinum Mine (Thaba Mine). With around 200 employees and cutting-edge technology, we mine an annual volume of 250.000 tons from a depth of up to 35 metres. We connect the logistics chain by subsequently processing the chromite ore into ferrochrome and trading this product on the global market.
Involving local partners
To conduct our activities in South Africa, in 2008 we founded the subsidiaries CRONIMET Chrome SA and CRONIMET Chrome Mining SA, in which a local Broad-Based Black Economic Empowerment partner holds a 26 percent stake.
The licences required to mine the chromite ore were granted to CRONIMET Chrome Mining SA in March 2010 for a period of 30 years. To meet the relevant requirements, a prior environmental study was compiled according to the Equator Principles and the OECD Guidelines and a bankable feasibility study and detailed financing model were submitted.
Long-term job creation
Working closely with public bodies, we offer the local population training opportunities and qualification measures in the field of raw material production. In this way, we aim to secure long-term jobs in the region and open up new career prospects.
Social and environmental responsibility in South Africa
In addition, CRONIMET Chrome Mining SA finances numerous long-term social and environmental projects that are not tied to our business activities.
For example, to create jobs for the local population and secure the food supply, we have helped to set up a poultry farm. This will be managed by local residents, contributing to employment and self-sufficiency in the region.
Another initiative combines both environmental and social elements. In partnership with the German Investment and Development Corporation (www.deginvest.de), a communal recycling project was set up, whereby the residents of a township collect, separate and recycle waste. The project has succeeded in significantly reducing environmental pollution and improving both hygiene in the township and the employment situation of its residents.