End of the road for Merafe Resources?
Merafe Resources, once a punters’ favourite, may be at the end of the road as power cuts and low prices bite
30 January 2020 - 05:00
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...
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