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International Ferro (IFL)

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Tuesday 19 June, 2012

International Ferro

Extension of Banking Facility

RNS Number : 6332F
International Ferro Metals Limited
19 June 2012



19 June 2012

International Ferro Metals Limited

("IFL" or the "Company")

Extension of Banking Facility


International Ferro Metals is pleased to announce that the Bank of China loan facility of ZAR500 million which matures on 25 June 2012 has been rolled forward by a further one year period at an interest rate of JIBAR + 3.50%, subject to completion of final documentation.




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 / Alastair Stratton / 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