| Wed 22 Dec 2010, 8:30 | | MRF - Merafe Resources Limited - Shareholders Announcement |
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MRF
MRF
MRF - Merafe Resources Limited - Shareholders Announcement
MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06)
Share code: MRF ISIN: ZAE000060000
("Merafe" or the "Company")
Shareholders Announcement
Shareholders are referred to the announcement made on the Securities Exchange
News Service of the JSE Limited ("SENS") dated 20 October 2010 in which Merafe
informed its shareholders about its right to participate in Lion II, the
construction of a 360,000 tonne per annum ferrochrome smelter in Steelpoort,
Limpopo, at cost and in accordance with its current participation interest of
20.5% in the Xstrata-Merafe Chrome Venture ("the Chrome Venture"), subject to
the conclusion of appropriate agreements.
In addition to the above, Merafe has the right to simultaneously increase its
interest above 20.5% in Lion II and the Chrome Venture, up to 26%. Shareholders
are advised that Merafe and its partner, Xstrata SA (Pty) Ltd, are in
discussions in this regard, which if successfully concluded, will result in the
parties entering into appropriate agreements.
Sandton
22 December 2010
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 22/12/2010 08:30:01 Produced by the JSE SENS Department.
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