MERAFE RESOURCES LIMITED MERAFE RESOURCES LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/003452/06) Share Code: MRF
ISIN: ZAE000060000
("Merafe" or the "Company")
Production report for the fourth quarter ended 31 December 2019
Merafe's attributable ferrochrome production from the Glencore Merafe Chrome Venture ("Venture") for the fourth quarter and year ended 31 December 2019 decreased by approximately 6% and 9%, respectively, compared to the fourth quarter and year ended 31 December 2018. This decrease was as a result of increased electricity curtailments from Eskom, community unrests as well as production cutbacks in response to market conditions during the fourth quarter ended 31 December 2019. Full year production represents approximately 77% of installed capacity.
2019 | 2018 | 2019 | 2018 | |
Fourth | Fourth | Full | Full | |
quarter | quarter | year | year | |
Attributable ferrochrome production (kt) | 105 | 112 | 371 | 407 |
The information contained in this announcement does not constitute an earnings forecast. The information provided is the responsibility of the directors of Merafe, and such information has not been reviewed or reported on by the Company's auditors.
Sandton
3 February 2020
Sponsor
One Capital
Attachments
- Original document
- Permalink
Disclaimer
Merafe Resources Ltd. published this content on 03 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2020 21:10:04 UTC
