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Power curtailments, strikes lower Merafe’s full-year output

4th February 2020

By: Marleny Arnoldi

Online News Editor

     

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JSE-listed Merafe Resources’ attributable ferrochrome production from the Glencore Merafe Chrome Venture for the year ended December 31, 2019, was 9% lower year-on-year at 371 000 t.

The company’s production for the fourth quarter ended December 31, was also 6% lower year-on-year at 105 000 t.

Merafe attributes the lower production to increased electricity curtailments by State-owned power utility Eskom, community unrest and production cutbacks in response to market conditions during the fourth quarter.

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Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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