Merafe Resources' earnings fell by 45% in in the first half of the year due to lower chrome ore and ferro-chrome prices, it said.
The South African chrome producer, which runs a joint venture with trader-miner Glencore, reported earnings before interest tax, interest, depreciation and amortization (Ebitda) of 435.1 million rand ($29.44 million) for the first six months of this year, down from 796.3 million rand in the same period of 2019. "Due to the challenging operational environment characterised...