Merafe’s new power tariff ‘not a silver bullet’, warns Glencore
MERAFE Resources’ new 62c/kWh electricity tariff will help its ferrochrome business compete with Chinese producers, but it will not put the smelting business in a strong…
SA’s stricken ferrochrome industry “fairly close” to power deal
MERAFE Resources is nearing an agreement with the South African government on electricity supply tariffs aimed at saving up to 2.3 million tons a year in ferrochrome output –…
Merafe may idle up to two-thirds of ferrochrome production
MERAFE Resources could mothball up to two-thirds of ferrochrome production in terms of a business review which is expected to be completed by May. Zanele Matlala, CEO of Merafe…
Merafe takes payout to R1bn as chrome drives record earnings
MERAFE Resources posted a record full year profit on the back of “elevated” chrome sales and despite a 14.5% decrease in the average ferrochrome price. Full year earnings came in…
Merafe to get electricity tariff relief but Transnet chrome volumes 50% below capacity
MERAFE Resources is optimistic of getting relief from crippling electricity tariff increases after getting “solid traction” in discussions with Eskom, the state-owned power…