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Merafe Resources Ltd.
Sector:Metals & MineralsReg No:1987/003452/06
Nature of business:
The Company, through its wholly owned ultimate subsidiary, Merafe Ferrochrome and Mining (Pty) Ltd. (Merafe Ferrochrome) and through a pooling and sharing venture with Glencore Operations South Africa (Pty Ltd. (Glencore), participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, 22 ferrochrome furnaces and eight mines, situated in the North-West, Limpopo and Mpumalanga provinces of South Africa. Merafe Ferrochrome's share of the earnings before interest, taxation, depreciation and amortisation (EBITDA) is 20.5%. The Venture comprises assets to which both Glencore and Merafe Ferrochrome have granted the right of use.
Next AGM: 08/05/2019 (Unconfirmed)

General Information:
Chairman:Chris Molefe
Company Secretary:CorpStat Governance Services
E-mail Address:kajal@meraferesources.co.za
Postal Address:PO Box 652157, Benmore, 2010
Internet Address:http://www.meraferesources.co.za
Telephone:(011) 783-4780
Fax:(011) 783-4789

Financial Information:
Amounts in ZAR MillionsJUN 2018
DEC 2017
Income Statement
Turnover 2 7215 889
Operating Income 5931 297
Income Attributable To Equity Holders 425914
Earnings Per Share (ZARc) per share (cents)16.9036.40
Headline Earnings Per Share (Cont Ops) (ZARc) per share (cents)16.9036.40
Distributions Per Share (ZARc) per share (cents)7.9712.00
Balance Sheet
Ordinary Shareholders' Interest 4 8354 636
Total Long-Term Liabilities 1 1101 084
Fixed Assets 3 2153 271
Net Asset Value Per Share (ZARc) (cents)192.56184.63

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