AM COL gains SA chromite stake

摘要

Leading bentonite producer, USA-based AMCOL International Corp., is expected to acquire a 53 percent stake in Chrome Corp; a holding company that currently owns 74 percent of the Ruighoek chromite mine, located approximately two hours north west from Johannesburg, South Africa. The deal, amended from a previous agreement dating from 5 March 2008, gives AMCOL full operating control of the mine and the option to purchase the remaining 47 percent of Chrome Corp. in the next two years for 12.4 million dollars.