MRF - Merafe Resources Limited - First quarter 2012 ferrochrome price

MRF - Merafe Resources Limited - First quarter 2012 ferrochrome price           
announcement                                                                    
MERAFE RESOURCES LIMITED                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/003452/06)                                            
Share code: MRF ISIN: ZAE000060000                                              
("the Company")                                                                 
First quarter 2012 ferrochrome price announcement                               
Shareholders of the Company are advised that the European benchmark             
ferrochrome price has been settled at $1.15 per pound for the first quarter     
of 2012, a decrease of 4% from the $1.20 per pound price in the fourth          
quarter of 2011.                                                                
Sandton                                                                         
21 December 2011                                                                
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 21/12/2011 08:30:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.