MASA

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.