Merafe’s ferrochrome earnings rocket on strong demand

Mining News Pro - Ferrochrome company Merafe on Tuesday reported an after-tax profit of R576-million in the six months to June 30 compared with a loss of R961-million in the prior comparative period.

Merafe production decreases 29% in 2020 thanks to Covid

Mining News Pro - Merafe Resources’ attributable ferrochrome production from the Glencore Merafe chrome venture for the fourth quarter and the year ended December 31, 2020, decreased by about 8% and 29%, respectively.

Merafe swings to near R1bn interim loss

Mining News Pro - The ferrochrome producer Merafe says its results for the first half of the year were impacted not only by Covid-19 but an already fragile operating environment.

Merafe’s interim production, earnings decrease

Mining News Pro - Merafe Resources reports that its attributable ferrochrome production from the Glencore Merafe chrome venture for the six months ended June 30 had decreased by 42% year-on-year.

Glencore’s venture with Merafe starts job cuts

Mining News Pro - A joint venture in South Africa with commodities giant Glencore on Friday began consulting employees on possible job cuts because of the weak economic environment, it said.

Merafe subsidiary buys stake in Glencore’s Unicorn subsidiary

Mining News Pro - Diversified miner Glencore has agreed to sell a 20.5% interest in Unicorn Chrome to a subsidiary of Merafe for R32.2-million.

Merafe reports lower ferrochrome output

Mining News Pro - Merafe Resources’ attributable ferrochrome production from the Glencore-Merafe Chrome Venture decreased by about 3.6% year-on-year to 100 000 t for the quarter ended March 31.

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