MRF - Merafe Resources Limited - Third quarter 2011 ferrochrome production
MRF
MRF
MRF - Merafe Resources Limited - Third quarter 2011 ferrochrome production
Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE share code: MRF
ISIN: ZAE000060000
Third quarter 2011 ferrochrome production
In the third quarter of 2011, weaker market conditions and scheduled maintenance
during the high electricity tariff winter months, resulted in an operating
capacity utilisation of 52%. Ferrochrome production was 18% lower in the third
quarter of 2011, compared to the 2010 comparative period.
The fourth quarter European benchmark ferrochrome price was settled at $1.20 per
pound, a rollover from $1.20 per pound in the third quarter of 2011, as per SENS
announcement dated 12 October 2011.
Q3 2011 Q3 2010 Nine months to Nine months to
30.09.2011 30.09.2010
Attributable production 48.0 58.8 197.9 215.3
(kt)
Indicative average 120 130 127 122
published ferrochrome
price (USc/lb)
(Metal Bulletin)
Sandton
18 October 2011
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 18/10/2011 08:00:01 Produced by the JSE SENS Department.
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