https://www.miningweekly.com

Merafe records marginal production increase in Q4

31st January 2019

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

JSE-listed Merafe Resources’ attributable ferrochrome production from the Glencore Merafe Chrome Venture for the quarter ended December 31, 2018, increased marginally by 2.6% year-on-year.

The venture’s production for the year ended December 31, 2018, increased by 3.2% compared with the previous comparative period.

Full-year production represents 85% of installed capacity.

Merafe on Thursday said it expects to report a 17% to 32% decrease in basic earnings per share (EPS) and headline earnings per share (HEPS) of between 24.7c and 30.1c for the full-year, compared with the EPS and HEPS of 36.4c reported for the 2017 financial year.

This decrease in EPS is primarily as a result of lower ferrochrome prices, as well as lower volumes of chrome ore and ferrochrome sold.

These were partially offset by a stronger average rand, compared with the dollar.

The company’s financial results for the full-year are expected to be released on or about March 11.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION