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Merafe's ferrochrome production down 9% in HY 2023

Kitco Media
By Vladimir Basov
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Updated
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(Kitco News) - Ferrochrome producer Merafe Resources (JSE: MRF) reported today that its attributable HY 2023 production from the Glencore Merafe Chrome Venture decreased by 9% y-o-y to 185 kt compared to HY 2022 (203 kt).

Merafe said that the reduction in production is due to planned pullback, adding that only the Lion smelter is scheduled to operate over the 3 month high electricity demand winter season, a period of elevated power prices.

The company has a 20.5% interest in the Merafe Ferrochrome and Mining Proprietary Limited. Global mining and metals group Glencore owns the remaining 79.5%.

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Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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