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Merafe Resources Limited

MRFJ.J

Latest Trade

60.00ZAc

Change

5.00(+9.09%)

Volume

1,127,580

Today's Range

56.00

 - 

63.00

52 Week Range

24.00

 - 

133.00

As of on the Johannesburg Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
55.00
Open
56.00
Volume
1,127,580
3M AVG Volume
57.91
Today's High
63.00
Today's Low
56.00
52 Week High
133.00
52 Week Low
24.00
Shares Out (MIL)
2,510.70
Market Cap (MIL)
1,380.89
Forward P/E
-10.38
Dividend (Yield %)
7.27

Next Event

Merafe Resources Ltd Annual Shareholders Meeting

Latest Developments

More

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%

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About Merafe Resources Limited

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.

Industry

Iron & Steel

Contact Info

1st Floor, Block B

Sandton Place, 68 Wierda Road East, Wier

2191

South Africa

+27.11.7834780

http://www.meraferesources.co.za/

Executive Leadership

Abiel Mngomezulu

Independent Non-Executive Chairman of the Board

Zanele Joyce Matlala

Chief Executive Officer, Executive Director

Ditabe Chocho

Finance Director, Executive Director

William R. Somerville

Company Secretary

Shaun Blankfield

Non-Executive Director

Key Stats

1.50 mean rating - 2 analysts
Sell
Hold
Buy
Revenue (MM, ZAR)

2017

5.9K

2018

5.6K

2019

5.4K

2020(E)

4.3K
EPS (ZAR)

2017

0.364

2018

0.270

2019

-0.020

2020(E)

-0.053
Price To Earnings (TTM)
--
Price To Sales (TTM)
0.26
Price To Book (MRQ)
0.41
Price To Cash Flow (TTM)
--
Total Debt To Equity (MRQ)
0.72
LT Debt To Equity (MRQ)
0.59
Return on Investment (TTM)
-27.25
Return on Equity (TTM)
-24.34

Latest News

Latest News

BRIEF-Merafe Resources Unit Concludes Sale Agreement With Glencore

* MERAFE RESOURCES LTD - SUBSIDIARY CONCLUDED A SALE AGREEMENT WITH GLENCORE

BRIEF-Merafe Resources Says Operations Recommenced At Lion Smelter And Eastern Chrome Mines

* JSE: MRF - MERAFE’S POSITION REGARDING THE COMMENCEMENT OF OPERATIONS

BRIEF-Merafe Resources Says Envisaged To Access Undrawn Debt Funding Facilities If It Requires Further Funding

* MERAFE RESOURCES LTD - DETERMINATION OF EUROPEAN BENCHMARK FERROCHROME PRICE FOR Q2 OF 2020 HAS NOT BEEN FINALIZED AND IS STILL UNDER REVIEW.

Glencore's chrome joint venture in South Africa with Merafe declares force majeure

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 chrome joint venture in South Africa with Merafe declares force majeure

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.

Glencore, Merafe could cut up to 665 jobs at South African smelter

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.

BRIEF-Merafe Begins Consultation Process At LRA Rustenburg Smelter

* CONSULTATION PROCESS IN TERMS OF SECTIONS 189 AND 189A OF THE LRA: RUSTENBURG SMELTER NW PROVINCE SOUTH AFRICA

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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