South Africa chrome industry well placed to grow and prosper (Mining Weekly)
Friday, 21st October 2016
South Africa’s relatively easy to mine chromium reserves, combined with the current deficit in the chromium market as well as the expected increase in global stainless steel consumption, has ensured that the country’s chrome sector has every opportunity to grow and prosper, says the International Chromium Development Association (ICDA). ICDA market research analyst Loïc Racon notes that South Africa holds about 72% of the world’s chromite resources. “Its chromite reserves are estimated at around 175-million tonnes to 200-million tonnes,” he notes, adding that, as a result, the country is the world’s largest chrome ore producer, accounting for about 56% of the global chrome ore and concentrate production in 2015.