Merafe, through its wholly owned ultimate subsidiary, Merafe Ferrochrome and Mining Proprietary Limited (Merafe Ferrochrome) and through a pooling and sharing venture with Glencore Operations South Africa Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty ferrochrome furnaces and nine mines and 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. Listed below are the assets to which Merafe Ferrochrome has granted the right of use to the Venture.
Legal Address
Building B,2Nd Floor, Ballyoaks Office Park, 35 Ballyclare Drive
Bryanston; Gauteng;
Postal Code: 2191
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Website: http://www.meraferesources.co.za
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