Merafe Resources Maintains Interest in Lion Ferrochrome Project

- December 16th, 2011

Mining Weekly reported that Merafe Resources (OTC Pink:MERFF) will not increase its stake in the Lion ferrochrome joint venture, citing market uncertainty.

Mining Weekly reported that Merafe Resources (OTC Pink:MERFF) will not increase its stake in the Lion ferrochrome joint venture, citing market uncertainty.

As quoted in the market news:

The ferrochrome producer’s stake in the Limpopo-based venture would have increased from 20.5% to 26%, but would have been in the form of new equity. The company’s lack of confidence in current equity market conditions drove the decision to maintain its existing stake.

Click here to read the full Mining Weekly report.

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