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Pakistan Chrome Mines Ltd

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Pakistan Chrome Mines Ltd

Pakistan Chrome Mines Ltd. is a mining company incorporated in the Islamic Republic of Pakistan. The company owns and operates Chromite and Magnesite mines in Balochistan Province. It was initially incorporated as Baluchistan Chrome Mines Ltd in 1902 during colonial rule.

Contents

The company is owned by Pacific Energy & Mining Co. of Reno, Nevada. Tariq Ahmad of Reno, Nevada is the Chairman of Pakistan Chrome Mines Ltd.

The mines are located in Zhob District in Baluchistan also in shangla district, specifically in Muslimbagh, Khanozai, Nisai and Gwal. Some of the Deposits are located in Southern Baluchistan near Khuzdar.

Production

The leases operated by Pakistan Chrome Mines have produced an accumulated 1.5 million metric tons of High Grade Chromite and smaller quantities of Magnesite Ore.

Reserves

Probable Reserves of Chromite are approximately 4.5 million metric tons.

Markets

Small scale local market exists for chemical grade chromite for use in Chromic Acid and to some extent refractory bricks. Vast majority of chromite ore is exported to the Peoples Republic of China. Most of it is of metallurgical grade, 46% Cr2O3, with a chrome to iron ratio of 3:1, smaller quantities of Chemical and Refractory Grade ore are produced as well.

Karachi University, Pakistan awards yearly the Pakistan Chrome Mines Gold Medal to the leading student in Geology.

Pakistan Chrome Mines was awarded chromite leases by the Government of Afghanistan in 1975. These leases were never canceled. Due to the war in Afghanistan, Pakistan Chrome Mines has suspended all operations in Afghanistan.

References

Pakistan Chrome Mines Ltd Wikipedia