Merafe to restart its ferrochrome smelting operations

SANDTON – Merafe refers to the Company’s previous announcements advising of the approval of the proposed electricity tariff of 62c per kWh (“Tariff”) for the South African ferrochrome industry as a whole by the National Energy Regulator of South Africa (“NERSA”), with only the terms and conditions pending confirmation.

The Glencore Merafe Chrome Venture (“Venture”) is now confirming that it has successfully concluded the detailed terms and conditions of the Negotiated Pricing Agreements (“NPAs”) with Eskom Holdings SOC Limited (“Eskom”), giving full effect to the previously approved Tariff for the South African ferrochrome industry.

The conclusion of the NPAs enables the restart of the Boshoek and Wonderkop smelters, marking a critical step in stabilising and rebuilding the Venture’s smelting operations.

The revised NPAs provide a stable three-year electricity pricing framework, enabling greater operational flexibility and supporting the sustainable operation of the Venture’s smelters.

The Venture remains focused on executing a safe restart while advancing a sustainable path forward for its operations and the broader sector.