How much Chromium from the ROF could actually be sold at a decent price

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Playingpennies

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How much Chromium from the ROF could actually be sold at a decent price

posted on Nov 06, 2009 03:30AM

Excerpt from The Mineral Information Institute (Mii) (see last paragraph)

The only ore of chromium is the mineral chromite. United States chromium consumption is equivalent to about 14% of all the chromite ore mined each year. In the western hemisphere, chromite ore is produced only in Brazil and Cuba; the United States, Mexico and Canada do not produce chromite. (The Stillwater Complex in Montana is the biggest chromium deposit in the United States, however it is not producing chromite ore at this time.) By comparison, about 80% of world production of chromite comes from India, Kazakhstan, Turkey and southern Africa. Southern Africa itself produces about half of this.

Geologists estimate that there are about 11 billion tons of chromium ore (chromite) in the world that could be mined. Most of these resources are found in southern Africa. This is enough chromium ore to meet world demand for hundreds of years into the future.