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Chromex Mining (AIM:CHX) is one of those rare animals on South Africa's Bushveld - a pure chrome play. With a 74% interest in, and 100% control of, two key projects, the original development at Mecklenburg and Stellite, acquired last year, Chromex is well positioned in one of the most important chrome-producing regions in the world. Demand for chrome - for which there is as yet no commercially viable substitute - is largely driven by producers of ferrochrome for stainless steel production worldwide, who consume some 90% of mine output. Other industrial uses include superalloys, leather tanning, castings and metal finishing.
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