MERAFE RESOURCES LIMITED - Production report for the nine months ended 30 September 2020
Production report for the nine months ended 30 September 2020
MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06)
Share Code: MRF
ISIN: ZAE000060000
(“Merafe” or the “Company”)
Production report for the nine months ended 30 September 2020
Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture in the third
quarter ended 30 September 2020 is 48kt, resulting in an overall 37% decrease in production for the
nine months ended 30 September 2020 year on year. As reported in the SENS announcement
published on 27 July 2020, the decrease is as a result of production cutbacks in response to COVID-19,
market conditions and electricity curtailments to a limited extent. All smelters, except for Lydenburg
which is on care and maintenance, are currently operating, with Boshoek, Wonderkop and Rustenburg
having resumed production in September 2020.
Nine months Nine months
ended ended
30 September 2020 30 September 2019
Attributable ferrochrome production (kt) 168 266
Sandton
23 October 2020
Sponsor
One Capital
Date: 23-10-2020 09:52:00
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