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/ 27 September 2007

Merafe joins Xstrata chrome project

South Africa’s Merafe Resources said on Thursday it had agreed to take a stake in a plant producing chrome pellets with partner Xstrata Plc and issued 40-million shares to help pay for it. Merafe, which already has a chrome joint venture with Xstrata, said it would have a 20,5% stake in the Bokamoso plant.