In a dark portent for SA’s ferrochrome industry, the Glencore-Merafe Chrome Venture is restructuring, and could cut up to 665 jobs at its Rustenburg smelter, which is suffering "material financial losses".

It’s particularly ominous if you consider that, with an installed capacity of 2.3Mt a year, the Venture is not just the largest ferrochrome producer in the world, but the lowest-cost producer in SA...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now