https://www.engineeringnews.co.za

Merafe’s third-quarter ferrochrome production increases by 71%

1st November 2013

By: Leandi Kolver

Creamer Media Deputy Editor

  

Font size: - +

JSE-listed ferrochrome producer Merafe Resources last week reported that its third-quarter attributable production from the Glencore-Merafe chrome venture increased by 71% year-on-year, as a result of additional planned production, good performance of the Lion 1 project and the impact of major production improvements at the venture’s Rustenburg plant.

The Glencore-Merafe chrome venture used 94% of its ferrochrome production facilities’ operating capacity during the quarter, a significant increase from the 55% used in the prior comparative period.

Merafe’s ferrochrome sales tonnages increased by 25% year-on-year in the quarter.

Meanwhile, Merafe stated that its Lion 2 project was still on track for hot commissioning at the end of the year, with the overall project remaining on schedule and within budget.

Lion 2 was estimated to be 76% complete as at September 30.

“As we move into the exciting commissioning phase, we are confident about the project’s ability to deliver further efficiencies and cost savings, thereby enhancing the venture’s competitive advantage,” Merafe said.

Further, the company said the benefits of ongoing cost-saving initiatives within the Glencore-Merafe chrome venture, which included placing the Horizon mine on care and maintenance, were already evident.

Overall, Merafe and the chrome venture were also expected to benefit from synergies resulting from the GlencoreXstrata merger.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 
Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

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







301

sq:0.05 0.633s - 122pq - 2rq
Subscribe Now