Ferrum Crescent Awaits Logistics Clarity for Limpopo Project

Mining Weekly reported Ferrum Crescent said it could not complete a definitive feasibility study for its Moonlight Crescent iron-ore project.

As quoted in the market news:

However, Ferrum Crescent COO Vernon Harvey told Mining Weekly Online that the company would continue developing the resource at the iron-ore (magnetite) project, while it awaited clarity on logistics.

The company had applied for a mining right from the Department of Mineral Resources in January and anticipate this to be granted early in 2012.

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