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.
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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.
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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.
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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.
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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.
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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.
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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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