Merafe Resources

Organisational overview / Group overview

Group profile

We are listed on the Johannesburg Stock Exchange (JSE) and A2X in the General Mining sector under the share code MRF. Our business is the 20.5% participation through our 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.

Our major shareholders are Glencore (Netherlands) B.V. (Glencore BV)and the Industrial Development Corporation of South Africa (IDC).

Our group structure

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.

Our shareholders

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