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Renewal Bank of China Facility & Notice of Results

Wed, 17th Sep 2014 07:00

RNS Number : 8094R
International Ferro Metals Limited
17 September 2014


17 September 2014

International Ferro Metals Limited

("IFL" or the "Company")

Renewal of Bank of China Facility and Notice of Results

International Ferro Metals, the integrated ferrochrome producer, is pleased to announce that the ZAR500 million loan facility with the Bank of China, which was due to expire on 25 September 2014, has been extended for another year to 16 September 2015 on the same terms.

Chris Jordaan, Chief Executive of International Ferro Metals, commented:

"We are very pleased to have extended our facility with the Bank of China for another year. This support has been tremendous and with the resumption of the UG2 ore supply from Anglo Platinum, we enter a new financial year in a position of relative strength."

The Company will report its full year financial results for the year ended 30 June 2014 on Monday, 29 September 2014.

Chris Jordaan, CEO and Jannie Muller, CFO will be meeting investors in London during the week commencing 29 September 2014. There will be a presentation for analysts at Brunswick Group LLP, 16 Lincoln Inn Fields, London, WC2A 3ED on Monday 29 September at 9am (BST), hosted by Mr Jordaan and Mr Muller. Please contact Heather Murdoch at Brunswick Group if you would like to attend the analyst presentation.


For further information please visit or contact:

International Ferro Metals Limited

Chris Jordaan, Chief Executive Officer

+27 (0) 82 653 1463

Brunswick Group

Carole Cable / Fiona Micallef-Eynaud

+44 (0) 20 7404 5959

Numis Securities Limited

James Black / John Prior / Stuart Skinner

+44 (0) 20 7260 1000

About International Ferro Metals:

International Ferro Metals produces ferrochrome, the essential ingredient in stainless steel, from its integrated chromite mine and ferrochrome processing operations in South Africa. International Ferro Metals is listed on the London Stock Exchange under the symbol IFL.

Forward Looking Statements

This announcement contains certain forward looking statements which by nature, contain risk and uncertainty because they relate to future events and depend on circumstances that occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements.

This information is provided by RNS
The company news service from the London Stock Exchange
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