Merafe reports 75% decrease in production due smelter shutdowns

Sandton – Merafe Resources’ attributable ferrochrome production from the Glencore Merafe Chrome Venture (“Venture”) for the six months ended 30 June 2026 (the “Period” or the “Current Period”) amounted to 28kt, representing a 75% decrease in production compared to the six months ended 30 June 2025 (the “Prior Comparative Period”).

The decline in production is primarily attributable to the suspension of production at the Venture’s Wonderkop and Boshoek smelters, as well as the partial suspension at the Lion smelter during the Current Period.

The Company’s attributable chrome ore production from the Venture during the Period amounted to 425kt, representing a marginal decrease of approximately 4% compared to the Prior Comparative Period.

The Company’s attributable platinum group metals (“PGMs”) concentrate production from the Venture during the Period amounted to 6.7koz, representing a decrease of approximately 5% compared to the Prior Comparative Period. This decrease in PGM production is largely due to lower primary mine production and feed mix.