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Merafe Resources Limited

MRFJ.J

Latest Trade

112.00ZAc

Change

8.00(+7.69%)

Volume

6,077,608

Today's Range

105.00

 - 

112.00

52 Week Range

35.00

 - 

117.00

As of on the Johannesburg Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
104.00
Open
105.00
Volume
6,077,608
3M AVG Volume
82.98
Today's High
112.00
Today's Low
105.00
52 Week High
117.00
52 Week Low
35.00
Shares Out (MIL)
2,487.55
Market Cap (MIL)
2,599.09
Forward P/E
2.21
Dividend (Yield %)
6.73

Next Event

Full Year 2021 Merafe Resources Ltd Earnings Release

Latest Developments

More

Merafe Resources Says Attributable Ferrochrome Production From Glencore Merafe Chrome Venture In Q3 Is 77KT

Merafe Resources Says PSG Holds 4.95% Of Issued Ordinary Share Capital Of Co

Merafe Resources Attributable Ferrochrome Production From Glencore Merafe Chrome Venture For Qtr Up 3%

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About Merafe Resources Limited

Merafe Resources Limited (Merafe), through its subsidiary, Merafe Ferrochrome and Mining Proprietary Limited (Merafe Ferrochrome) and through a pooling and sharing Venture with Glencore Operations South Africa Proprietary Limited (Glencore), participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (the Venture) operates five ferrochrome smelters, over 20 ferrochrome furnaces and eight mines, situated in the North-West, Limpopo and Mpumalanga provinces of South Africa. Merafe Ferrochrome holds interest in Wonderkop smelter, Boshoek smelter, Lion I smelter and Lion II smelter. Merafe Ferrochrome holds interest in Boshoek mine, Kroondal and Wonderkop mine, Helena mine and Magareng mine. Merafe Ferrochrome holds interest in Impala Kanana UG2 plant, Lonmin UG2 plants, Mototolo UG2 plant, Bokamoso pelletizing plant, Motswedi pelletizing plant and Tswelopele pelletizing plant.

Industry

Iron & Steel

Contact Info

1st Floor, Block B

Sandton Place, 68 Wierda Road East, Wier

2191

South Africa

+27.11.7834780

http://www.meraferesources.co.za/

Executive Leadership

Abiel Mngomezulu

Independent Non-Executive Chairman of the Board

Zanele Joyce Matlala

Chief Executive Officer, Executive Director

Ditabe Chocho

Finance Director, Executive Director

William R. Somerville

Company Secretary

David McGluwa

Non-Executive Director

Key Stats

1.00 mean rating - 1 analysts
Sell
Hold
Buy
Revenue (MM, ZAR)

2018

5.6K

2019

5.4K

2020

4.8K

2021(E)

7.6K
EPS (ZAR)

2018

0.270

2019

-0.020

2020

-0.010

2021(E)

0.470
Price To Earnings (TTM)
4.87
Price To Sales (TTM)
0.42
Price To Book (MRQ)
0.91
Price To Cash Flow (TTM)
4.55
Total Debt To Equity (MRQ)
0.60
LT Debt To Equity (MRQ)
0.48
Return on Investment (TTM)
18.60
Return on Equity (TTM)
14.75

Latest News

Latest News

UPDATE 2-Chrome ore producers criticise S. Africa's proposed export tax

* Tax intended to boost struggling domestic ferrochrome industry

BRIEF-Merafe Resources Says Consultation With Employee Representatives, Recognised Trade Unions Underway

* CONSULTATION WITH EMPLOYEE REPRESENTATIVES AND RECOGNISED TRADE UNIONS REGARDING PROCESS IS UNDERWAY

BRIEF-Merafe Resources Unit Concludes Sale Agreement With Glencore

* MERAFE RESOURCES LTD - SUBSIDIARY CONCLUDED A SALE AGREEMENT WITH GLENCORE

BRIEF-Merafe Resources Says Operations Recommenced At Lion Smelter And Eastern Chrome Mines

* JSE: MRF - MERAFE’S POSITION REGARDING THE COMMENCEMENT OF OPERATIONS

BRIEF-Merafe Resources Says Envisaged To Access Undrawn Debt Funding Facilities If It Requires Further Funding

* MERAFE RESOURCES LTD - DETERMINATION OF EUROPEAN BENCHMARK FERROCHROME PRICE FOR Q2 OF 2020 HAS NOT BEEN FINALIZED AND IS STILL UNDER REVIEW.

Glencore's chrome joint venture in South Africa with Merafe declares force majeure

Glencore's <GLEN.L> chrome joint venture in South Africa with Merafe Resources <MRFJ.J> has declared force majeure on qualifying contracts after a nationwide lockdown forced operations to shut, a Merafe executive said.

Glencore's chrome joint venture in South Africa with Merafe declares force majeure

Glencore's joint venture in South Africa with Merafe Resources has declared force majeure on qualifying contracts after a nationwide lockdown forced operations to shut, a Merafe executive said.

Glencore, Merafe could cut up to 665 jobs at South African smelter

Joint venture partners Glencore and Merafe Resources could cut up to 665 jobs at their Rustenburg ferrochrome smelter in South Africa because of problems including power cuts and rising electricity tariffs.

BRIEF-Merafe Begins Consultation Process At LRA Rustenburg Smelter

* CONSULTATION PROCESS IN TERMS OF SECTIONS 189 AND 189A OF THE LRA: RUSTENBURG SMELTER NW PROVINCE SOUTH AFRICA

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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