LANXESS completes sale of its stake in chrome ore mine in South Africa

Cologne

Specialty chemicals company LANXESS completed the sale of its 74 percent stake in a chrome ore mine in Rustenburg, South Africa, on September 15. The new owner of the stake is Clover Alloys, a South African supplier of chrome fine ores. The parties have agreed to not disclose the purchase price. The remaining 26 percent shareholding in the mine will remain with DIRLEM, the minority shareholder representing the employees and some private investors.

Following the divestment of the chrome chemicals business at the beginning of 2020, it was strategically logical for LANXESS to also divest its stake in the chrome ore mine as its main source of raw materials.

Information for editors:
All global LANXESS news releases and their accompanying photos can be found at http://press.lanxess.com.
Recent photos of the Board of Management and other LANXESS image material are available at http://photos.lanxess.com.

 

MORE ABOUT THIS TOPIC

PRESS RELEASE
Lewatit TP 108 DW and TP 108

Lewatit MDS TP 108 from LANXESS removes short-chain PFAS from water

March 10, 2025
PRESS RELEASE

LANXESS: innovative solutions for water treatment at Aquatech 2025

March 06, 2025
PRESS RELEASE
Scopeblue Lewatit keyvisual - employee with Lewatit in test tube on which a plant is growing

Refining high-purity battery metals with Lewatit MK51 from LANXESS

March 06, 2025
PRESS RELEASE
Rhenomark® tire marking paints

Tire Technology Expo: LANXESS presents innovative and sustainable rubber additives

March 05, 2025
PRESS RELEASE
The new module of the LewaPlus design software from LANXESS enables the dimensioning of ion exchange systems for food applications.

LewaPlus goes online

March 05, 2025