2024
Merafe Resources Limited
Integrated Annual Report
Delivering today. Investing in tomorrow.
Merafe Resources Limited
Integrated Annual Report
Delivering today. Investing in tomorrow.
Financial
Cash balance
R1 795 million
(2023: R1 656 million)
Revenue
R8 443 million
(2023: R9 244 million)
Net profit
R667 million
(2023: R1 753 million)
Final cash dividend
8cps
(2023: 22cps)
Earnings before interest, taxation, depreciation and amortisation (EBITDA)
R1 731 million
(2023: R2 545 million)
5% decrease in net cash generated from operating activities
R1 777 million
(2023: R1 879 million)
Headline earnings per share
42.9cps
(2023: 60.1cps)
Basic earnings per share
26.7cps
(2023: 70.1 cps)
Safety
Fatalities
1
(2023: 2)
Total recordable injury frequency rate (TRIFR)
2.31
(2023: 2.34)
Disabling injury severity rate (DISR)
76.96
(2023: 128.05)
Lost-time injury frequency rate (LTIFR)
0.80
(2023: 1.39)
Operational
Ferrochrome sales volume
298kt
(2023: 327kt)
Ferrochrome production
301kt
(2023: 300kt)
Average ferrochrome CIF price
99USc/lb
(2023: 105USc/lb)
Chrome ore sales
475kt
(2023: 470kt)
Successes
Challenges
