CAPITAL MARKETS

Xstrata to joint venture SA chrome assets

XSTRATA has agreed to merge its South African chrome and ferrochrome assets with those of black empowerment company SA Chrome & Alloys, a move it says will realise significant operational efficiencies for both parties.

Greg Tubby

Xstrata to joint venture SA chrome assets

Under the terms of the joint venture, Xstrata will take an 89% share of earnings in the first year and SA Chrome 11%, with the proportion changing to 86% and 14% in year two, and 82.5% and 17.5% from the...

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