Mining News

Merafe’s ferrochrome earnings rocket on strong demand, dividend declared

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Ferrochrome company Merafe on Tuesday reported an after-tax profit of R576-million in the six months to June 30 compared with a loss of R961-million in the prior comparative period. Half-year ferrochrome production rose 66% to 199 000 t, revenue rose 60% to R3 746-million and earnings before interest tax depreciation and amortisation  (Ebitda) rocketed 422% to R819-million.

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