🕐09.02.10 - 10:02 Uhr

Chromex Mining - Recommenced mining at its Stellite chrome mine South Africa



Chromex Mining plc / Epic: CHX / Market: AIM / Sector: Mining & Exploration 9 February 2010 Chromex Mining plc (Chromex or the Company) Stellite Chrome Production Update
Chromex Mining plc, the AIM listed chrome mining company focused in Southern Africa, is pleased to announce that it has recommenced mining at its Stellite opencast chrome mine (Stellite) on the Western Limb of the Bushveld Complex in South Africa.

The decision follows improved pricing and chrome market conditions which has led to the drawdown of its run-of-mine (ROM) stockpiles over the past six months.

The Stellite operation will initially produce circa 20,000 ROM tonnes per month, increasing to 40,000 ROM tonnes per month, when the dense media separation circuit (DMS) is installed at the beneficiation plant.

The DMS is expected to be completed in Q3 2010 and will improve recovery margins and economic efficiencies.


Currently Chromex is producing 42% and 44% metallurgical grade chrome concentrate.

When the DMS has been installed at the beneficiation plant, in addition to the capacity increase, the Company will be in a position to market a sized lumpy chrome product in addition to chemical and metallurgical grade concentrates.


Chromex CEO Russell Lamming said, "Despite the challenging chrome market conditions over the past year we have continued to invest in our operations, channelling our focus into building a cost efficient producing chrome mine at Stellite.

In this vein, with market conditions beginning to improve, and a solid orebody containing circa 31.9 million tonnes of chromite to utilise, we feel that the time is right to recommence our mining operations and deliver an uplift in value for shareholders in 2010."
**ENDS**
For further information please visit www.chromexmining.co.uk or contact:
Russell Lamming Chromex Mining plc Tel: +44 (0) 7810 870 587 Brian Moritz Chromex Mining plc Tel: +44 (0) 7976 994300 William Vandyk Astaire Securities plc Tel: +44 (0) 20 7448 4400 Guy Wilkes Ocean Equities Limited Tel: +44 (0) 20 7786 4370 Hugo de Salis/ Felicity Edwards St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177
Notes to Editors Chromex Mining plc (AIM: CHX) is an AIM quoted dedicated chrome company established to acquire, control and develop chromite mining and processing facilities.

It currently has two key mining assets located on the Bushveld Complex in South Africa, which between them have total resources of approximately 41 million tonnes of chromite. Additionally, in line with the Companys strategy of building a broad portfolio of chrome and related mineral assets across southern Africa, Chromex concluded a binding Heads of Agreement to acquire 49% of Falvect Mining (Private) Limited in Zimbabwe.
Felicity Edwards St Brides Media and Finance Ltd Chaucer House 38 Bow Lane London EC4M 9AY
Tel: +44 (0) 207 236 1177 Mob: +44 (0) 7748 843871 Fax: +44 (0) 207 236 1188 Email: Web: www.sbmf.co.uk
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