Mboweni signs MOU with Ferrox
Jan 13, 2012 |
I-Net Bridge |
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FORMER SA Reserve Bank governor Tito Mboweni and his brother Alto, have signed a memorandum of understanding to take a 20% stake in Ferrox Holdings for R260million.
Ferrox Holdings plans to develop the Tivani iron ore project in Limpopo. The project may also be developed for the production of titanium dioxide.