MRF - Merafe Resources Limited - First Quarter Production Update
MRF
MRF
MRF - Merafe Resources Limited - First Quarter Production Update
Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE share code: MRF
ISIN: ZAE000060000
("the Company")
First quarter production update
Shareholders of the Company are advised that ferrochrome production for the
Xstrata-Merafe Chrome Venture for the first quarter of 2009 was 76% lower
compared to the same period in 2008. Seventeen out of twenty furnaces,
equivalent to some 80% of annual production capacity, remained suspended during
the first quarter as destocking continued in response to weak demand. Production
prioritised was the lower cost, energy-efficient capacity from the Lion and
Lydenburg smelters, which employ the Premus technology.
Q1 2009 Q1 2008
Ferrochrome
Attributable production (kt) 19 79
Indicative average published price 79.0 121.0
(USc/lb) (Metal Bulletin)
Sandton
5 May 2009
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 05/05/2009 08:00:07 Produced by the JSE SENS Department.
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