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Merafe Resources Ltd (MRFJ.J)

MRFJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Merafe Resources FY 25 Pct Decrease In HEPS To 27.2 Cents
Monday, 11 Mar 2019 

March 11 (Reuters) - Merafe Resources Ltd ::FY 5% DECREASE IN REVENUE TO R5 606 MILLION (2017: R5 889 MILLION).FY 25% DECREASE IN HEPS TO 27.2 CENTS (2017: 36.4 CENTS).FY 16% INCREASE IN TOTAL DIVIDEND TO A RECORD R351 MILLION (2017: R301 MILLION).FY 3% INCREASE IN FERROCHROME PRODUCTION TO 407KT (2017: 395KT).FY INCREASE IN PRODUCTION COST PER TONNE MANAGED TO 9%.GLOBAL GDP AND STAINLESS STEEL PRODUCTION ARE BOTH FORECAST TO GROW IN 2019.UNCERTAINTY CREATED BY GEOPOLITICAL EVENTS SUCH AS BREXIT AND TRADE WARS RESULTED IN LOWER REALISED CIF FERROCHROME PRICES.  Full Article

Merafe Resources Sees FY HEPS Between 24.7 Cents And 30.1 Cents
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - Merafe Resources Ltd ::MERAFE RESOURCES LTD - ATTRIBUTABLE FERROCHROME PRODUCTION FROM GLENCORE MERAFE CHROME VENTURE FOR QUARTER INCREASED MARGINALLY BY 2.6% VERSUS PCP.MERAFE RESOURCES LTD - VENTURE PRODUCTION FOR YEAR ENDED 31 DECEMBER 2018 INCREASED BY 3.2%.MERAFE RESOURCES LTD -SEES HEADLINE EARNINGS PER SHARE OF BETWEEN 24.7 CENTS AND 30.1 CENTS FOR YEAR.MERAFE RESOURCES LTD - EXPECTED SIGNIFICANT DECREASE IN EPS IS PRIMARILY DRIVEN BY LOWER FERROCHROME PRICES.  Full Article

Merafe Says Q3 Ferrochrome Production From Glencore Merafe Chrome Venture 84 KT
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Merafe Resources Ltd ::MERAFE RESOURCES - CO'S ATTRIBUTABLE FERROCHROME PRODUCTION FROM GLENCORE MERAFE CHROME VENTURE FOR Q3 UP 20% TO 84 KT.  Full Article

Merafe Resources Sees HY HEPS Between 16-18 Cents
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Merafe Resources Ltd ::EXPECTING TO REPORT BASIC EARNINGS PER SHARE AND HEADLINE EARNINGS PER SHARE OF BETWEEN 16.0 CENTS AND 18.0 CENTS FOR HY.CO'S ATTRIBUTABLE FERROCHROME PRODUCTION FROM GLENCORE MERAFE CHROME VENTURE IN HY FELL BY 2.3% COMPARED TO PREVIOUS PERIOD.HY DECREASE IN HEADLINE EARNINGS IS A FUNCTION OF LOWER NET CIF FERROCHROME PRICES, A STRONGER AVERAGE RAND DOLLAR EXCHANGE RATE, AMONG OTHERS.  Full Article

Merafe Resources Appoints Ditabe Chocho As Financial Director
Monday, 2 Jul 2018 

July 2 (Reuters) - Merafe Resources Ltd ::APPOINTMENT OF FINANCIAL DIRECTOR.DITABE CHOCHO HAS BEEN APPOINTED AS FINANCIAL DIRECTOR.  Full Article

Merafe Resources ‍Says Financial Director​ Kajal Bissessor Resigned
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Merafe Resources Ltd ::‍KAJAL BISSESSOR HAS TENDERED HER RESIGNATION AS FINANCIAL DIRECTOR​.‍IS EMBARKING ON A RECRUITMENT EXERCISE TO FIND A SUITABLE SUCCESSOR FOR FD POSITION​.  Full Article

Merafe Resources Posts FY Diluted HEPS 36.4 Cents
Monday, 5 Mar 2018 

March 5 (Reuters) - Merafe Resources Ltd ::‍PROFIT FOR YEAR ENDED 31 DECEMBER 2017 AMOUNTED TO R914.1M (2016: R532.4M)​.FY ‍DILUTED HEADLINE EARNINGS PER SHARE​ 36.4 CENTS.‍ATTRIBUTABLE FERROCHROME PRODUCTION FROM VENTURE FOR YEAR ENDED 31 DECEMBER INCREASED TO 395KT (2016: 393KT)​.‍DECLARED FINAL DIVIDEND OF R226M WHICH IS 9 CENTS PER SHARE​.  Full Article

Merafe Resources quarterly attributable ferrochrome production at 70 kt
Friday, 13 Oct 2017 

Oct 13 (Reuters) - MERAFE RESOURCES LTD ::‍THREE MONTHS ENDED SEPT 30, ATTRIBUTABLE FERROCHROME PRODUCTION 70 KT VERSUS 89 KT YEAR AGO​.  Full Article