Merafe’s attributable ferrochrome production decreases by 9%
Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture for the six months ended 30 June 2023 decreased by approximately 9% compared to the prior comparative period.
The reduction is due to planned pullback in production. Only the Lion smelter is scheduled to operate over the 3 month high electricity demand winter season, a period of elevated power prices.
Attributable ferrochrome production / Six months ended
185 kt 30 June 2023
203 kt 30 June 2022
Merafe has a 20.5% participation through its wholly-owned subsidiary, Merafe Ferrochrome, in the earnings before interest, tax, depreciation and amortisation (EBITDA) of the Venture in which Glencore Operations South Africa Proprietary Limited (Glencore) has a 79.5% participation.
