Merafe boosts ferrochrome production 64% in 9M 2021

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(Kitco News) - Ferrochrome producer MerafeResources (JSE: MRF) reported today that its attributable 9M 2021 production fromthe Glencore Merafe Chrome Venture surged by 64% to 276 ktonnes compared to thesame period a year ago.

The company said that thisincrease was mainly due to current production being less affected by theCOVID-19 restrictions coupled with improved plant efficiencies achieved at its smelters.

The company has a 20.5%interest in the Merafe Ferrochrome and Mining Proprietary Limited. Mining giantGlencore has the remaining 79.5%.

By Vladimir Basov

For Kitco News

Follow kitconewsnow vbasov@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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