HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: A few thoughts -Xstrata (ferrochrome)
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A few thoughts
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Feb 16, 2009 10:42AM
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Xstrata Alloys: Xstrata-Merafe chrome venture announces further ferrochrome production cuts (PDF)

Rustenburg, 16 January 2009

On 1 December 2008, the Xstrata-Merafe Chrome Venture (the “Venture”) announced the temporary suspension of a total of 11 ferrochrome furnaces, representing 906,000 tonnes of annual ferrochrome operating capacity.

Subsequent to this, a further 6 furnaces have been suspended due to the market conditions. The total suspended ferrochrome production capacity represents 1.37 million tonnes or 80% of annual operating capacity.

The Venture will continue to monitor prevailing market conditions closely. No lay-offs are anticipated for permanent employees at the furnaces, enabling the Venture to return to capacity quickly and efficiently when market conditions allow.

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Feb 17, 2009 05:46AM
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Feb 17, 2009 07:28AM
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Feb 17, 2009 07:40AM
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