CreditRiskMonitor is a financial risk analysis and news service for credit, supply chain and financial professionals.  Our strength in coverage spans 58,000 global public companies, totaling about $70 trillion in corporate revenue.  We also offer solutions that can help ease private company financial risk assessment.  Leading corporations around the world – including more than 35% of the Fortune 1000, plus thousands more worldwide – rely on us to help them stay ahead of financial risk quickly, accurately and cost-effectively. 

A partial report preview for Sail Mining Group Ltd is shown below.  Where indicated by "Yes," CreditRiskMonitor contains this information in its extensive database.  To get access to the full report and learn more about CreditRiskMonitor's robust financial risk analysis and timely news service, request a personalized demo and free trial today.

If you are already a subscriber and want to access the full report, click here.

Sail Mining Group Ltd
Unit 25 Sunninghill Office Park
4 Peltier Drive, Sunninghill
Phone: +27 112398800p:+27 112398800 JOHANNESBURG, 2196  South Africa Ticker: SGPSGP
Filed for Insolvency on 7/5/2021
On 7/5/2021, Chrometco Limited announced its Mining and Chrome Wash Plant operations would placed in care and maintenance and Sail Minerals (Pty) Ltd would apply for Business Rescue. Chrometco Limited applied to the High Court for Provisional Liquidation due to severe financial pressure pursuant to the prevailing chrome commodity market price, the Covid-19 pandemic and the Adjusted Level 4 lockdown with limited access to external sources of funding.
Business Summary
Sail Mining Group Limited, formerly Chrometco Limited, is a South Africa-based mining and exploration company, which focuses on Chrome mining and processing in South Africa. In addition, the Company focuses on the investigation of other chrome and base metal properties for exploration purposes and on researching and investigating business development opportunities. The Company has prospects in the Limpopo Province of the Republic of South Africa. Its fields of interest include mining, concentrating, and beneficiating various metals and their ores, in particular chrome, platinum, copper, cobalt, nickel, and manganese. It operates the chrome processing plant and manages the logistics process to export products through its subsidiary, Sail Minerals (Pty) Ltd. Black Chrome Mine (Pty) Ltd, the owner of the mining rights, is controlled by the Company through a 51% interest in Sail Resources (Pty) Ltd, which in turn owns 64% of Black Chrome Mine (Pty) Ltd.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
8/31/20212/28/2021Yes----

Industries
SIC Code Description
1099 Miscellaneous metal ores, not elsewhere classified
1411 Dimension stone
1021 Copper ores

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board Gregory D.Hunter 10/11/2023 7/6/2023
Chief Executive Officer, Executive Director LeeMcCann 5/11/2020 5/11/2020
Chief Financial Officer StephenRowse 8/1/2024 8/1/2024
Non-Executive Independent Director LouisJordaan 10/11/2023 8/11/2017
Non-Executive Independent Director NokuthulaThomas 8/11/2017 8/11/2017

Business Names
Business Name
Black Chrome Mine (Pty) Ltd
Chrometco Limited
Chrometco Mining Services (Pty) Ltd
8 additional Business Names available in full report.

General Information
Outstanding Shares: 2,542,429,000 (As of 8/31/2021)
Shareholders: 1,477
Stock Exchange: JNB
Fax Number: +27 866793589


Copyright © 2024 CreditRiskMonitor.com (Ticker: CRMZ). All rights reserved.     
By using this website, you accept the Terms of Use Agreement.
Thursday, October 31, 2024