MRF - Merafe Resources - Update on power supply at operations
MRF
MRF
MRF - Merafe Resources - Update on power supply at operations
Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06)
Share Code: MRF
ISIN: ZAE000060000
("Merafe")
Update on power supply at operations
Merafe announced on Friday, 25 January 2008 that it had reduced the
electricity load across all the Xstrata-Merafe Chrome Venture furnaces in
response to a request by Eskom to reduce electricity demand to the minimum
possible.
Merafe advises that, following a meeting between Eskom and key customers
yesterday, the effect on the Xstrata-Merafe Chrome Venture is as follows:
- power supply at all operations will be increased to a maximum of 80%
of normal power consumption with immediate effect;
- power supply at all operations is expected to increase to 90% of
normal power consumption on Friday, 1 February 2008;
- the restoration of the remaining 10% is entirely dependent on the
success of a nationwide recovery plan presented to major industrial
and local government users.
Merafe is currently reviewing their operations to ensure that they maximise
production in the most efficient and cost effective manner.
Sandton
30 January 2008
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 30/01/2008 13:10:37 Produced by the JSE SENS Department.
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