Lift in chrome quality expected to boost Bauba Platinum in second half

AN upgrade in the chrome processing facilities of the Moeijelijk Chrome mine owned by Bauba Platinum, and the addition of a new sales contract, would have a positive contribution on the firm’s full-year results performance.

Bauba entered into a foundry chrome commodity purchase contract with a leading foundry chrome trader and secured the sale of a minimum quantity of foundry grade chrome material over a four-month period, the company said.

The contract, together with Bauba’s existing offtake agreement, will enhance the company’s future profit margins by increasing the value it receives from premium speciality chrome ore concentrate sales, said Nick Van der Hoven, CEO of the firm.

“These factors, in combination with a chrome market that has been improving and is currently trending upwards, ought to contribute positively towards Bauba’s full year results,” he said.

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