Bloomberg News

Xstrata-Merafe to Close Furnaces for 3 Months to Help Eskom

February 17, 2012

Feb. 17 (Bloomberg) -- Merafe Resources Ltd. said its South African venture with Xstrata Plc will temporarily close five of its furnaces from tomorrow until May 31 to assist Eskom Holdings SOC Ltd., the nation’s power utility, in saving electricity.

The arrangement will have a “positive impact” and won’t result in job losses.

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