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MERAFE RESOURCES LIMITED - Production report for the quarter ended 31 March 2015

Release Date: 22/04/2015 09:00
Code(s): MRF     PDF:  
Wrap Text
Production report for the quarter ended 31 March 2015

Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE share code: MRF
ISIN: ZAE000060000
(“Merafe” or “the Company”)

Production report for the quarter ended 31 March 2015

Merafe’s attributable ferrochrome production from the GlencoreMerafe Chrome Venture
(the Venture) increased by 15% period on period. This increase was primarily attributable to
the additional production from the Project Lion II furnaces. The ramp-up of Project Lion II
continues to be on track with these furnaces already producing above 80% of operating
capacity.

The Venture’s total operating capacity utilisation for the first quarter of 2015 was 94%.



                                                          Quarter        Quarter
                                                           ended          ended
                                                        31 March       31 March
                                                            2015           2014
Attributable ferrochrome production (kt)                      99             86




22 April 2015
Sandton

Sponsor:
Merrill Lynch South Africa Proprietary Limited


Kajal Bissessor
Chartered Accountant (SA)
Financial Director
Merafe Resources Limited
Ph: +2711 783 4780 / +27 83 784 6686

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