Sector: Basic Materials
The company is not available at Interactive Brokers
Merafe Resources Limited (JSE:MRF) is in the business of Ferrochrome production. In 2004 Merafe and Glencore pooled their chrome operations to create the largest ferrochrome producer in the world.
Merafe Ferrochrome and Mining Proprietary Limited is a wholly owned subidiary of Merafe. Merafe retains 20.5% of the earnings before interest, tax depreciation and amortisation (EBITDA) of the Glencore-Merafe Chrome Venture (the Venture) with Glencore receiving the remaining 79.5%.
Ferrochrome
Merafe's strategy is to ensure that its ferrochrome interests are profitable and sustainable and that they add value to all stakeholders. The company aims to achieve this by:
The Company may also consider acquisitions outside of ferrochrome on an opportunistic basis.
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South African chrome firms on Monday warned of more than 1,200 potential job cuts, citing power cuts, rising electricity tariffs and increased competition from overseas.
2020-01-20Production
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