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Merafe Resources Unit Concludes Sale Agreement With Glencore
Merafe Resources Qtrly Attributable Ferrochrome Production From Glencore Merafe Chrome Venture Down By About 3.6%
Merafe Resources Says Qtrly Ferrochrome Production From Glencore Merafe Chrome Venture Down About 3.6%
Merafe Resources Limited (Merafe), through its subsidiary, Merafe Ferrochrome and Mining Proprietary Limited (Merafe Ferrochrome) and through a pooling and sharing Venture with Glencore Operations South Africa Proprietary Limited (Glencore), participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (the Venture) operates five ferrochrome smelters, over 20 ferrochrome furnaces and eight mines, situated in the North-West, Limpopo and Mpumalanga provinces of South Africa. Merafe Ferrochrome holds interest in Wonderkop smelter, Boshoek smelter, Lion I smelter and Lion II smelter. Merafe Ferrochrome holds interest in Boshoek mine, Kroondal and Wonderkop mine, Helena mine and Magareng mine. Merafe Ferrochrome holds interest in Impala Kanana UG2 plant, Lonmin UG2 plants, Mototolo UG2 plant, Bokamoso pelletizing plant, Motswedi pelletizing plant and Tswelopele pelletizing plant.
Iron & Steel
1st Floor, Block B
Sandton Place, 68 Wierda Road East, Wier
Independent Non-Executive Chairman of the Board
Zanele Joyce Matlala
Chief Executive Officer, Executive Director
Finance Director, Executive Director
William R. Somerville
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* MERAFE RESOURCES LTD - SUBSIDIARY CONCLUDED A SALE AGREEMENT WITH GLENCORE
* JSE: MRF - MERAFE’S POSITION REGARDING THE COMMENCEMENT OF OPERATIONS
* MERAFE RESOURCES LTD - DETERMINATION OF EUROPEAN BENCHMARK FERROCHROME PRICE FOR Q2 OF 2020 HAS NOT BEEN FINALIZED AND IS STILL UNDER REVIEW.
Glencore's <GLEN.L> chrome joint venture in South Africa with Merafe Resources <MRFJ.J> has declared force majeure on qualifying contracts after a nationwide lockdown forced operations to shut, a Merafe executive said.
Glencore's joint venture in South Africa with Merafe Resources has declared force majeure on qualifying contracts after a nationwide lockdown forced operations to shut, a Merafe executive said.
* PRODUCTION REPORT FOR THE FOURTH QUARTER ENDED 31 DECEMBER 2019
Joint venture partners Glencore <GLEN.L> and Merafe Resources <MRFJ.J> could cut up to 665 jobs at their Rustenburg ferrochrome smelter in South Africa because of problems including power cuts and rising electricity tariffs.
* CONSULTATION PROCESS IN TERMS OF SECTIONS 189 AND 189A OF THE LRA: RUSTENBURG SMELTER NW PROVINCE SOUTH AFRICA
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