Organisational Overview / A brief profile
We are listed on the JSE Limited in the General Mining sector under the share code MRF. Currently, the main focus of our business is on the 20.5% participation of our wholly owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, in the earnings before interest, tax depreciation and amortisation (EBITDA) of the Glencore-Merafe Chrome Venture (the Venture), in which Glencore has a 79.5% participation.
Merafe and Glencore Operations South Africa Proprietary Limited (Glencore) formed the Venture in July 2004 when we pooled our chrome operations to create the largest ferrochrome producer in the world.
