Wednesday 29 April 2015

Otmane El Rhazi : Merafe shares up on Glencore buying Bafokeng stake

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

The shares of the black-run Merafe Resources rose sharply following the announcement that Royal Bafokeng Holdings had sold its entire shareholding to Glencore, with which it has the Glencore-Merafe Chrome Venture in Limpopo province. The share price rose by 7.7% to 83 c a share in early morning trade.

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