https://www.engineeringnews.co.za
Cutting|Resources|Maintenance
Cutting|Resources|Maintenance
cutting|resources|maintenance

Merafe reports lower production in Q3 in line with cutbacks

21st October 2019

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

JSE-listed Merafe Resources' attributable ferrochrome production from the Glencore-Merafe Chrome Venture for the third quarter ended September 30 was 60 000 t, 29% lower than the 84 000 t produced in the third quarter of 2018.

The company on Monday attributed the lower production to increased planned maintenance, increased community unrest and production cutbacks in response to market conditions during the third quarter.

The company started cutting back production in June, in line with capacity utilisation of 85%; however, given weaker pricing, Merafe decided to cut output further to about 80%.

Merafe holds a 20.5% interest in the Glencore-Merafe Chrome Venture, which operates a number of ferrochrome plants in the North West, Limpopo and Mpumalanga.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







sq:0.136 0.187s - 160pq - 2rq
Subscribe Now