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Xstrata cuts ferrochrome output, Merafe shares hit
Mining group Xstrata and joint venture partner Merafe Resources have suspended more ferrochrome production due to weak market conditions.
merafe-resources
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Xstrata cuts ferrochrome ouput on weak demand
Xstrata and its chrome partner Merafe Resources said on Monday they would suspend six ferrochrome furnaces in South Africa due to weak demand.
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Merafe joins Xstrata chrome project
South Africa’s Merafe Resources said on Thursday it had agreed to take a stake in a plant producing chrome pellets with partner Xstrata Plc and issued 40-million shares to help pay for it. Merafe, which already has a chrome joint venture with Xstrata, said it would have a 20,5% stake in the Bokamoso plant.
