Masa Chrome Company (“Masa”)
- MASA operates the Chrome recovery plant (“CRP”) that utilises UG2 concentrate from SBPM.
- Operations commenced in October 2006.
- MASA is a financially highly attractive and robust business, with
- High and stable operating margins – Net profit margin in excess of 50% (Average for the past five years of 55%).
- High cash conversion, through strategic alliances with traders and 3rd party off-takers.
- Consistent returns to shareholders with dividend distributions paid every year since inception.
- Arguably one of the lowest cost chrome concentrate producers globally.
- Experienced operational management team.
- Significant player in the industry:
- Operate, market and control 100% of over circa 560,000t of chrome concentrate per annum.