Ruukki puts Zimbabwe chrome project on ice
Feb 22, 2013 | 11:11 AM
| Felix Njini
Tags
Ruukki,
Alistair Ruiters,
chrome,
Zimbabwe,
felix njini
WINDHOEK, Namibia — Ruukki Group says prevailing market conditions have forced it to put plans to develop its Waylox chrome deposits in Zimbabwe on hold.
The project encompasses two chrome claims—Trixie and Prince of Wales—along Zimbabwe’s Great Dyke, a 330-mile-long mineral strike with substantial chrome and platinum deposits.
"We have plans to develop the claims into a mine. The timing of our decision is entirely market dependent, and given current market conditions we will obviously wait a bit," Alistair Ruiters, executive chairman of Ruukki South Africa, told AMM sister publication Metal Bulletin. ....
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