Chrometco intends to acquire 90% of Lime-Chem, as well as 10% of Summer Season and Lime-Chem Minerals. The acquisitions, coupled with the Kiln project, will position the group as a dominant player in the limestone and dolomite industry in Southern Africa. Lime-Chem is the holder of a used old order mining license to a limestone and dolomite deposit located outside the town of Marble Hall in Limpopo province. Application has been made for the conversion of the old order mining license to a new order mining right. The Lime-Chem group has owned and operated a high grade calcitic limestone and dolomite mine on the abovementioned property since the early 1980's. Lime-Chem currently supplies raw limestone and dolomite to the mineral benefication, metallurgical, construction and agricultural industries. Lime-Chem has recently commenced with a definitive feasibility study for the construction of a 500 ton/day kiln in order to convert its raw limestone and dolomite into burnt lime and burnt dolomite respectively ("the kiln project"). Chrometco's strategy is to ultimately erect three vertical kilns at Marble Hall, each producing 500 tons of burnt lime per day.
Summer Season is the holder of new order prospecting rights over properties outside Tshwane that have large deposits of dolomite that is suited to both aggregate and possibly for the metallurgical market.
Lime Chem Minerals
LCM is the holder of new order prospecting rights over extensive properties near Zebediela in Limpopo Province. These properties have substantial shallow deposits of secondary limestone which are suitable for a variety of uses including emission abatement, metallurgical applications and possibly for the production of cement.