Administration
Merafe Resources Limited (incorporated in the Republic of South Africa)
Company Registration Number: 1987/003452/06
Share code: MRF ISIN: ZAE000060000
| Sponsor: | One Capital Sponsor Services (Pty) Ltd |
| Executive Directors: | Z Matlala (Chief Executive Officer), K Bissessor (Financial Director) |
| Non-executive Directors: | CK Molefe (Chairman)*, NB Majova*, A Mngomezulu*, K Nondumo*, M Mosweu, S Blankfield |
| Company Secretary: | CorpStat Governance Services |
| Registered office: | Building B, 2nd Floor, Ballyoaks Office Park, 35 Ballyclare Drive, Bryanston, 2191 |
| Transfer secretaries: | Link Market Services South Africa (Pty) Ltd |
| Investor relations: | Kajal Bissessor Tel: +27 11 783 4780/+27 83 784 6686 |
| Email: kajal@meraferesources.co.za | |
| *Independent |
CEO Commentary on results:
Merafe delivered exceptional results for the 2017 year with new records set for chrome ore and ferrochrome production, revenue and EBITDA. These outstanding results were achieved primarily as a result of significant increases in both chrome ore and ferrochrome prices coupled with strong operational cost control. We have delivered excellent returns to shareholders, with a record total dividend of R301m (12 cents per share) for the 2017 year, underpinning our stable dividend policy.
PREPARATION OF THIS REPORT
The following individuals were responsible for the preparation of this report:
Zanele Matlala CA (SA)
Chief Executive Officer