https://www.engineeringnews.co.za

Merafe to report narrowed loss for 2020

26th February 2021

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

JSE-listed ferrochrome producer Merafe Resources expects to report a basic loss a share of between 34.6c and 45.4c apiece for the year ended December 31, 2020.

This compares with a basic loss a share of 54.2c apiece reported for the prior year.

Merafe’s headline loss a share improved by between 66% and 86% year-on-year to between 0.5c and 1.1c apiece, against a headline loss a share of 3.4c in the prior year.

The company has advised that it has restated certain financial figures in its results for the year ended December 31, 2019, owing to an error in the treatment of the rehabilitation provision adjustment.

Merafe will publish a detail assessment and impact of the restatements in its financial results announcement on or about March 8.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

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

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 
ECG Engineering
ECG Engineering

ECG provides specialised electrical engineering services to the Mining, Utilities, Materials Handling and Industrial industries, with extensive and...

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:0.049 0.855s - 140pq - 2rq
Subscribe Now