Eskom granted two more days to land high stakes power deal
MERAFE-Glencore Chrome Venture said on Tuesday it had extended a deadline for a new electricity deal with Eskom. This is the fifth time the venture has delayed retrenchments at…
Glencore-Merafe JV taps ferrochrome but closure looms
SOUTH Africa’s Lion ferrochrome smelter tapped its first metal this month in a partial restart, but owner Glencore-Merafe Chrome Venture said a recently approved electricity…
Glencore-Merafe registers 51% slump in ferrochrome output
GLENCORE Merafe Chrome Venture produced 51% less ferrochrome year-to-date as high energy prices forced it to cut smelter capacity. Ferrochrome for the first nine months of its…
South Africa weighs 25% chrome export levy – report
SOUTH African authorities are mulling a 25% levy on raw chrome ore exports as part of efforts to rescue the beleaguered ferrochrome sector, which has haemorrhaged jobs amid…
Glencore-Merafe may cut thousands of jobs at idled ferrochrome facilities
THOUSANDS of jobs will be affected in terms of a restructuring announced by the Glencore-Merafe Joint Venture, South Africa’s largest ferrochrome producer. Merafe Resources said…
Minerals Council urges Govt to rethink chrome ore tax
THE MINERALS Council of SA has reacted with alarm to the recent decision by Cabinet to approve in principle an export tax on chrome concentrate to arrest the decline in the…
Merafe impairs smelter R575m as production hangs in balance
MERAFE Resources posted a 62% decline in full year earnings ended-December owing to a hefty decline in ferrochrome sales and a rise in costs. Its numbers were also impacted by…
Glencore says closure of ferroalloy furnaces can be avoided
GLENCORE executive Japie Fullard said his company and joint venture partner Merafe Resources would seek a deal with the South African government in an attempt to avert…
Glencore-Merafe Chrome JV strikes deal on R2.1bn solar plant
GLENCORE and its joint venture partner Merafe Resources have agreed a deal with Pele Green Energy to build a R2.1bn utility-scale renewable energy plant, said Bloomberg News.…
Merafe announces plans to list on A2X
FERROCHROME producer Merafe Resources said today it would list its shares on the A2X from June 21 as a secondary listing. The company, which is in joint venture with Glencore,…