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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

AGORACOM Launches Graphite Stocks Blog

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FERROCHROME Demand

posted on Jul 08, 09 08:00AM

Xstrata-Merafe Chrome Venture Lifts Output On Demand

djones

JOHANNESBURG -(Dow Jones)- Merafe Resources Ltd. (MRF.JO) Wednesday said its
chrome venture with Xstrata PLC (XTA.LN) has increased ferrochrome production to
60% of capacity in response to a rise in demand.

Several furnaces at the venture's five ferrochrome operations will be re-
commissioned, the South African company said.

The venture, which supplies about 20% of global ferrochrome needs, had been
operating just three of its 20 furnaces. In early May it reported production in
the first three months of 2009 was 76% lower than a year earlier.

The news buoyed Merafe's shares, which at 0805 GMT were trading 7.5% higher at
1 rand amid a slight decline in the wider market.

Merafe said it continuously monitors ferrochrome demand and will adjust
capacity accordingly.

European benchmark ferrochrome prices were settled at $0.89 a pound for the
third quarter of the year, an increase of 29% from the second quarter when
prices were set 13% lower at $0.69/pound.