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Production report for the fourth quarter ended 31 December 2019
MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06)
Share Code: MRF
ISIN: ZAE000060000
(“Merafe” or the “Company”)
Production report for the fourth quarter ended 31 December 2019
Merafe's attributable ferrochrome production from the Glencore Merafe Chrome Venture (“Venture”)
for the fourth quarter and year ended 31 December 2019 decreased by approximately 6% and 9%,
respectively, compared to the fourth quarter and year ended 31 December 2018. This decrease was
as a result of increased electricity curtailments from Eskom, community unrests as well as production
cutbacks in response to market conditions during the fourth quarter ended 31 December 2019. Full
year production represents approximately 77% of installed capacity.
2019 2018 2019 2018
Fourth Fourth Full Full
quarter quarter year year
Attributable ferrochrome production (kt) 105 112 371 407
The information contained in this announcement does not constitute an earnings forecast. The
information provided is the responsibility of the directors of Merafe, and such information has not been
reviewed or reported on by the Company’s auditors.
Sandton
3 February 2020
Sponsor
One Capital
Date: 03-02-2020 05:07:00
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