Wednesday 22 July 2015

Otmane El Rhazi : Ferrum Crescent yet to receive R2m financing for BFS

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Triple-listed iron-ore developer Ferrum Crescent has not yet received the first R2-million payment by Principle Monarchy Investments (PMI) to advance work on a bankable feasibility study (BFS) for its Moonlight Iron project, in Limpopo. It reported on Wednesday that PMI had concluded a financing agreement which would enable it to fulfil all of its stated immediate commitments under the BFS financing agreement.

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