Metmar acquires 40% of Zim Alloys Chrome

[] — Metmar Africa, in which JSE-listed Metmar Limited, has acquired a 40% stake in Zimbabwe Alloys Chrome for $51.3m.

Zimbabwe Alloys Chrome is a mining and production company whose business includes, inter alia the mining of contained chromite, the processin g thereof into concentrates and alloy and the sale of the resultant material.