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.
Read more about this topic: Pakistan Chrome Mines Ltd
Famous quotes containing the word markets:
“When the great markets by the sea shut fast
All that calm Sunday that goes on and on:
When even lovers find their peace at last,
And Earth is but a star, that once had shone.”
—James Elroy Flecker (1884–1919)
“A free-enterprise economy depends only on markets, and according to the most advanced mathematical macroeconomic theory, markets depend only on moods: specifically, the mood of the men in the pinstripes, also known as the Boys on the Street. When the Boys are in a good mood, the market thrives; when they get scared or sullen, it is time for each one of us to look into the retail apple business.”
—Barbara Ehrenreich (b. 1941)