|Short Name:||MERAFE||JSE Code:||MRF|
|Sector:||Metals & Minerals||Reg 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)
|Amounts in ZAR Millions||JUN 2018|
|Turnover ||2 721||5 889|
|Operating Income ||593||1 297|
|Income Attributable To Equity Holders ||425||914|
|Earnings Per Share (ZARc) per share (cents)||16.90||36.40|
|Headline Earnings Per Share (Cont Ops) (ZARc) per share (cents)||16.90||36.40|
|Distributions Per Share (ZARc) per share (cents)||7.97||12.00|
|Ordinary Shareholders' Interest ||4 835||4 636|
|Total Long-Term Liabilities ||1 110||1 084|
|Fixed Assets ||3 215||3 271|
|Net Asset Value Per Share (ZARc) (cents)||192.56||184.63|
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