MERAFE RESOURCES LIMITED - Production report for the quarter and year ended 31 December 2023
Production report for the quarter and year ended 31 December 2023
MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE and A2X share code: MRF
ISIN: ZAE000060000
("Merafe")
PRODUCTION REPORT FOR THE QUARTER AND YEAR ENDED 31 DECEMBER 2023
Merafe's attributable ferrochrome production from the Glencore Merafe Chrome Venture in the fourth
quarter ended 31 December 2023 was 75kt, resulting in a decrease of approximately 22% in production
for the year ended 31 December 2023 compared to the prior comparative period. The reduction in
production is due to planned pullback in response to market conditions. As previously reported, only
the Lion smelter operated over the 3-month high electricity demand winter season, a period of elevated
power prices.
Quarter ended 31 December Year ended 31 December
2023 2022 2023 2022
Attributable ferrochrome 75 97 300 384
production (kt)
Sandton
12 January 2024
Sponsor
One Capital
Date: 12-01-2024 08:00:00
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