Overview

Sail was founded by its present shareholders in 2011 as a minerals trading company.

Sail has developed into a significant trader in chrome ore, currently shipping some 1 million tons a year to China. This growth has been founded on innovations in the ore product itself and in the logistics of transporting it to China.

As part of our continuing strategic integration and growth strategy, we acquired two South African chrome assets in 2016:

• Black Chrome Mine, a well capitalised developing underground chrome mine situated on the Eastern limb of South Africa's Bushveld Igneous Complex (BIC); and
• The Palm Chrome exploration project,a prospecting openpit mine on the BIC's Western Limb.

These are valuable assets with the capacity to contribute significantly to the strengthening of our company's operating base.

Our next strategic move has been to initiate the acquisition of a 90% holding in JSE-listed mining and minerals exploration company Chrometco Limited (Chrometco). The acquisition is founded in part on Sail's two other chrome projects being incorporated as majority owned subsidiaries under the Chrometco umbrella, on Sail assuming direct management of Chrometco; and on 25% of Sail's trading arm being owned by Chrometco.

Black Chrome is being developed as a highly efficient underground mine. Together, Black Chrome and Chrometco's Rooderand mine have the potential to produce 1 million tons of chrome a year at a low cost.