Merafe warns about freight train crisis as it lays off nearly 1,000 staff
Business is difficult due to the high cost of electricity, Covid-19 and now Transnet, say Glencore and its junior ferrochrome partner
08 March 2021 - 12:57
UPDATED 08 March 2021 - 19:22
Merafe Resources, which reported a difficult year that included laying off a tenth of its workforce, warned of another frustrating year ahead beset by tariff hikes and Transnet’s failure to provide enough trains.
The company, a junior partner in a chrome mining and ferrochrome business with Glencore, reported a wider after-tax loss in the year to December as the Covid-19 pandemic resulted in suspended operations across SA’s mining industry from March, with a slow return to normality by September...
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