Skip to main content

 

2019 year in review

KEY FEATURES

       

Revenue of

R5.38 billion

(2018: R5.60 billion)

Total dividend for 2019 of

R100 million

(2018: R351 million)

Ferrochrome sales volumes of

371kt

(2018: 407kt)
           

EBITDA of

R392 million

(2018: R1.35 billion)

Headline loss of

1.8c per share

(2018: 27.2c earnings per share)

Improved TRIFR performance of

2.56

(2018: 3.39)
           

Net loss of

R1.36 billion

(2018: R683 million net profit)

Ferrochrome sales volumes of

368kt

(2018: 372kt)

Average ferrochrome CIF price of

79 USc/lb

(2018: 92 USc/lb)
           

Fatalities: 1

(2018: 1 fatality)
       
           

Successes

 
  • Improved TRIFR
  • Net cash balance of R354 million
  • No debt at Merafe level
     
 

 

 

Challenges

 
  • Community issues
  • Electricity pricing and availability
  • Commodity prices/demand volatility
  • Operating expenses
  • Safety