Guys,
Was having a bit of a read(again) over the BEE announcement and would like to point your attention to the following paragraph:
"Batlhako Mining has also reached agreement in principal with Metalloy Trading to act as
an agent for the sale of the company’s chrome products and to negotiate with off-take
parties on the sale of the product. Metalloy Trading has an excellent network of contacts
in the South African mineral commodities industry and provides the company the
opportunity to optimise returns from the range of non-metallurgical chrome products
anticipated from the Ruighoek operation."
For those that havent researched Batlhako Mining are a subsidiary of CCI and own/operate Ruighoek.
Question pose is why have they made this arrangement already when production is so far away? can they book orders now so far away from actually getting the shiny stuff out of the ground? or am I missing something glaringly obvious?!?
Guys, Was having a bit of a read(again) over the BEE...
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