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Merafe Q1 output up 3% on improved furnace efficiencies

26th April 2013

By: Natalie Greve

Creamer Media Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) – JSE-listed Merafe Resources improved its ferrochrome production in the first quarter of 2013 by 3% over the comparative 2012 period on the back of enhanced overall furnace performance, realising attributable production of 67 000 t.

The Rustenburg furnaces exceeded expectation in terms of production volumes and efficiencies as a result of the successful commissioning and ramp-up of the Tswelopele pelletising plant.  

Additional production was surrendered in the first quarter of 2013 as a result of the Eskom buy-back arrangements, which would be effective until May 31.

Merafe’s production upsurge emulated the boost in the European benchmark ferrochrome price, which saw producers achieving a 13% increase from 112.5c/lb in the first quarter of 2013 to 127c/lb in the second quarter of 2013.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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