MERAFE RESOURCES LIMITED - Ferrochrome price announcement first quarter 2018

Ferrochrome price announcement first quarter 2018

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”)

Ferrochrome price announcement first quarter 2018

Shareholders of the Company are advised that the European benchmark ferrochrome price has been
settled at USD118 cents per pound for the first quarter of 2018, a decrease of 15.1% from the USD139
cents per pound price in the fourth quarter of 2017.

Sandton
15 December 2017

Sponsor
One Capital

Date: 15/12/2017 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.