The company says sustained improvements in plant efficiencies at its smelters helped it to increase ferrochrome production
Merafe Resources, the junior empowerment partner in a chrome joint venture with Glencore, has achieved a 3.7% increase in ferrochrome production for the nine months to end-September. Total production increased from 276,000 tonnes for the same period in 2021 to 286,000 tonnes in 2022.
Its full-year production for 2021 was 379,000 tonnes, up an impressive 43% from the previous year, but not quite back to pre-pandemic levels of about 400,000 tonnes a year. Merafe achieved a 60% increase in half-year profit but warned during its interim results presentation in August that new global and local risks have emerged that could result in a “tougher” second half of the year.
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