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: Chrome and Nickel & PGMs

Chrome and Nickel & PGMs

posted on May 05, 2009 05:30PM

JOHANNESBURG (miningweekly.com) – The first-quarter ferrochrome production of the Xstrata-Merafe chrome venture was 76% lower than for the same period in 2008, the JSE-listed Merafe Resources said on Tuesday.

Merafe’s attributable production for the quarter was 19 000 t of ferrochrome, compared with 79 000 t for the same period the year before.

The indicative published price for the output was US 79 c/lb, compared to US 121 c/lb for the same period in 2008.

Merafe, headed by CEO Steve Phiri, said that 17 of the chrome venture’s 20 furnaces, equivalent to some 80% of annual production capacity, was suspended during the first quarter as destocking continued in response to weak demand.


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Swiss-based diversified miner Xstrata increased its year-on-year thermal coal, coking coal, nickel, platinum-group metals (PGMs), zinc-in -concentrate and lead metal production volumes in the first quarter of the year.

The company told shareholders in a statement on Tuesday that the PGMs volumes, produced by its alloys division, had increased by 18% to 53 797 oz in the quarter ended March 31, 2009, compared with the 45 467 oz of PGMs produced in the first quarter of 2008.

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