| 03.12.2008 - Xstrata-Merafe closes more furnaces due to weak prices |
| From Resourceinvestor.com: The Xstrata-Merafe Chrome Venture, the world’s biggest producer of ferrochrome, is temporarily closing more furnaces to bring its total suspension of production to 52% of capacity in response to weakening prices, it said yesterday. Merafe’s shares dropped 12% to a two-year low of 67c on the JSE after the announcement, while Xstrata, which is a bigger and more diversified group, shed 5% on the London Stock Exchange to 882p..... Full Article: Source |