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China firm to buy 20 percent of Canada Ivanhoe for $555 million. A unit of Chinese firm CITIC will buy 20 percent stake in Ivanhoe, a Canadian mining company for $555 million. Ivanhoe is headquartered in Vancouver and is listed on the Toronto Stock Exchange. It has two projects in the Democratic Republic of the Congo, and one in South Africa.
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South Africa''s Chrome Production. In 2017, South Africa delivered half of the world''s production of chrome ore, and has the capacity to produce 4.2 million tonnes of ferrochrome a year. In 2016, South Africa produced 15.1 million tonnes, which equated to 54% of global production, according to Mining Weekly. South Africa and Zimbabwe hold ...
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THE CHROME-ORE OPERATION. Bauba diversified its business into low-cost, cash-generative, mining operations in 2015 with the Company acquiring 60% of the beneficial rights to the Moeijelijk Chrome Mine. Moeijelijk is situated on the Eastern Limb of the Bushveld Igneous Complex, with LG6A/6 and LG7 chrome ore-bearing reefs.
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