PR & press

PR & press

Ruukki Group plc and Kermas Ltd have bid £37 million (US$59 million) for chrome producer Chromex Mining plc. The offer has been made through Synergy Africa Ltd, which is owned 51% by Ruukki and 49% by Kermas (which owns 28% of Ruukki).

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Newly incorporated joint-venture company Synergy Africa announced that it had put a £37-million cash offer on the table for Aim-listed Chromex.

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Ruukki Group Plc is pleased to announce the admission of the Company's entire issued share capital to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc's main market for listed securities.

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Bloomberg reported that International Mineral Resources Limited will buy a 34.5% stake in South Africa's Samancor Chrome Limited from Kermas Limited to raise its stake to 67%.

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Ferrochrome

Ruukki Group announced the R2bn acquisition of Mogale Alloys in Krugersdorp and said it is looking for further investments in South African minerals and metals operations.

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