CRONIMET sells its shares in the Australian joint venture with EQ Resources Limited
"We are pleased to continue our successful business relationship with EQR, whereby CRONIMET will focus on trading the tungsten concentrate. Our partner will carry out the extraction and processing in the Australian and Spanish mines. In this way, each will concentrate on its own strengths, which we expect to result in a sustainable and purposeful partnership," says Jürgen Pilarsky, CEO and majority shareholder of the CRONIMET Group, commenting on the agreement with EQR.
The transaction is still subject to the fulfilment of customary closing conditions.
The CRONIMET Holding Group, headquartered in Karlsruhe, Germany, is a global specialist for stainless steel scrap and ferroalloys. The focus here is on returning metallic raw materials to the materials cycle through recycling and processing, thus contributing to the securing of raw materials and raw material efficiency. For more than four decades, the company has been supplying raw materials to the stainless steel producing industry. The CRONIMET Holding Group was founded in 1980 and is now present worldwide with more than 1700 employees at around 70 locations.
CRONIMET Holding GmbH
Südbeckenstraße 22
76189 Karlsruhe
Telefon: +49 (721) 95225-494
http://www.cronimet.de
Head of Corporate Communications & Marketing
Telefon: 004972195225476
E-Mail: public-relations@cronimet.de
