Lanxess AG sells its 74% stake in its chrome ore mine in Rustenburg, South Africa to Clover Alloys (SA) Proprietary Ltd., a South African supplier of chrome fine ores.
On November 15, 2019 both companies signed a corresponding agreement. The parties have agreed to not disclose the purchase price. The transaction is subject to the approval of the relevant authorities. Lanxess expects the planned sale to be completed by the end of 2020. A 26% shareholding in the mine will remain with DIRLEM, the minority shareholder representing employees and some private investors. Lanxess had already announced the divestment of its chrome chemicals business to the Chinese company Brother Enterprises in August.
“We have clearly focused our portfolio on specialty chemicals in recent years and are systematically continuing along this path. Following the sale of our chrome chemicals business, it is therefore strategically logical to also divest our stake in the chrome ore mine as a key source of raw materials for this business,” says Rainier van Roessel, Member of the Board of Management at Lanxess.
The chrome ore from the mine is used as a raw material in the ferrochrome and chemical industry and in foundry applications. The mine employs some 500 staff and more than 1000 contractors.
By Gerald Ondrey
Source: Chemical Engineering
The Hamburg-based, female-founded startup traceless materials has developed a holistically sustainable alternative for plastics and bioplastics that is fully compostable in nature, contributing to solve the global plastic pollution.
Sohrab Kazemahvazi, senior vice president and head of Stora Enso’s formed fiber business, tells PackagingInsights the partnership aims to create competitive pricing and volumes for fiber-based bottles.
Alfa Laval’s expertise in mechanical and thermal separation will ensure waste minimization, zero liquid discharge and chemical reuse within EasyMining’s processes.