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Chrometco Limited
Unit 25 Sunninghill Office Park
4 Peltier Drive
Phone: +27 112398800p:+27 112398800 JOHANNESBURG, 2196  South Africa Ticker: CMOCMO

Filed for Insolvency on 7/5/2021
On 7/5/2021, Chrometco Limited announced its Mining and Chrome Wash Plant operations would placed in care and maintenance and Sail Minerals (Pty) Ltd would apply for Business Rescue. Chrometco Limited applied to the High Court for Provisional Liquidation due to severe financial pressure pursuant to the prevailing chrome commodity market price, the Covid-19 pandemic and the Adjusted Level 4 lockdown with limited access to external sources of funding.

Business Summary
Chrometco Limited is a South Africa-based mining and exploration company, which focuses on Chrome mining and processing in South Africa. In addition, the Company focuses on the investigation of other chrome and base metal properties for exploration purposes and on researching and investigating business development opportunities. The Company has prospects in the Limpopo Province of the Republic of South Africa. Its fields of interest include mining, concentrating, and beneficiating various metals and their ores, in particular chrome, platinum, copper, cobalt, nickel, and manganese. It operates the chrome processing plant and manages the logistics process to export product through its subsidiary, Sail Minerals (Pty) Ltd. Black Chrome Mine (Pty) Ltd, the owner of the mining right, is controlled by the Company through 51% interest in Sail Resources (Pty) Ltd, which in turn owns 64% of Black Chrome Mine (Pty) Ltd.

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
8/31/20212/28/2021Yes----

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Chairman of the Board Gregory D.Hunter 10/11/2023 7/6/2023
Acting Non-Executive Independent Chairman of the Board LouisJordaan 5/25/2023 8/11/2017
Chief Executive Officer, Executive Director LeeMcCann 5/11/2020 5/11/2020
Chief Financial Officer WilhelmHolscher 8/1/2023 8/1/2023
Non-Executive Independent Director NokuthulaThomas 8/11/2017 8/11/2017

Business Names
Business Name
Black Chrome Mine (Pty) Ltd
Chrometco Limited
Chrometco Mining Services (Pty) Ltd
7 additional Business Names available in full report.

General Information
Outstanding Shares: 2,542,429,000 (As of 8/31/2021)
Shareholders: 1,477
Stock Exchange: JNB
Fax Number: +27 866793589


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Wednesday, February 28, 2024