Merafe Resources

Investors / Investment Overview

Investment Overview

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 Glencore-Merafe Chrome Venture (the Venture), in which Glencore Operations South Africa Proprietary Limited (Glencore) has a 79.5% participation.

Latest key material

Interim Results

Integrated Annual Report 2022

Annual results & Annual financial


Interim Results

Share information

Last trade


We are listed on the JSE in the General Mining sector.

Name: Merafe Resources Ltd

Latest company announcements 2023

Unaudited condensed consolidated financial statements and dividend declaration for the six months ended 30 June 2023

15 August 2023


Production report for the six months ended 30 June 2023

17 July 2023


Ferrochrome price announcement for the third quarter of 2023

27 June 2023



Shareholder's calendar

3rd Quarter

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Shareholder calendar

Our strategy


The aim of our business model and strategy is to ensure that our ferrochrome interests are profitable and sustainable and that they add value to all our stakeholders. We achieve this by:

  • extracting chrome ore from the Venture’s mines and beneficiating it in our smelters in a safe and cost-efficient manner;
  • investing in projects such as the Bokamoso and Tswelopele pelletising and sintering plants and the Lion ferrochrome plant Phases I and II that improve the energy and cost efficiency of the Venture's ferrochrome operations;
  • employing the Venture’s proprietary Premus technology to ensure that it is the lowest-cost producer of ferrochrome in South Africa and, despite rising energy costs in South Africa, remains in the lowest quartile of the global ferrochrome production cost curve;
  • using the flexibility provided by the Venture’s variety of technologies to meet changing operating circumstances and customer requirements; and
  • focusing on reducing costs at the operations and head office.