CCI chrome corporation limited

Guys, Was having a bit of a read(again) over the BEE...

  1. OMS
    7,409 Posts.
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    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?!?
 
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