Implats to sell its chrome business

South African platinum producer Impala Platinum has said it intends to sell its chrome business so as to increase focus on its core business. Implats has a 65% interest in Impala Chrome, a beneficiation operation that produces 200,000 tonnes of chrome concentrate per year.

Johan Theron (pictured), Implats spokesman, was quoted by Reuters as saying:

"We are only potentially selling our interest in a chrome extraction venture at Impala Rustenburg... We have also prioritised local business entities to try and further integrate our business activity with local communities around the Rustenburg operation."

The proposed sale will take place in a single transaction through a competitive tender process.