Sharenet Sites 
Sharenet Sites
Production report for the quarter and year ended 31 December 2020
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 quarter and year ended 31 December 2020
Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture in the fourth
quarter and year ended 31 December 2020 decreased by approximately 8% and 29%, respectively
compared to the quarter and year ended 31 December 2019. As reported in the announcement
published on SENS on 27 July 2020, the decrease is as a result of production cutbacks in response to
COVID-19, market conditions and electricity curtailments to a limited extent.
Quarter ended Year ended
31 31 31 31
December December December December
2020 2019 2020 2019
Attributable ferrochrome production (kt) 97 105 265 371
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
13 January 2021
Sponsor
One Capital
Date: 13-01-2021 03:17:00
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