R/€ = 15.73 Change: -0.01
R/$ = 14.00 Change: 0.01
Au 1422.46 $/oz Change: 18.60
Pt 850.33 $/oz Change: 11.93
 
 
R/€ = 15.73 Change: -0.01
R/$ = 14.00 Change: 0.01
Au 1422.46 $/oz Change: 18.60
Pt 850.33 $/oz Change: 11.93
 
 
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Merafe’s first-quarter chrome production down 1% y/y

25th April 2019 BY: Marleny Arnoldi
Creamer Media Online Writer

JSE-listed Merafe Resources’ ferrochrome production from the Glencore Merafe joint venture decreased by 1% in the quarter ended March 31 to 104 000 t, compared with the 105 000 t produced in the quarter ended March 2018.

The company previously stated that growth in demand was projected for ferrochrome globally, especially from Indonesia’s stainless steel industry.

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Merafe also said Eskom’s power supply challenges remained a key risk factor for the joint venture this year. 

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EDITED BY: Chanel de Bruyn Creamer Media Senior Deputy Editor Online
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