Merafe warns of lower earnings per share amid weak chrome ore, ferro-chrome prices

Merafe Resources expects earnings per share for the first six months of 2019 to be down as much as 65% year on year due to lower chrome ore and ferro-chrome prices, the company said in a trading statement on Friday July 19.

Merafe operates a chrome joint venture project in South Africa with trader-miner Glencore.

Its basic and headline earnings per share for the six-month period are expected to come in between 5.92 and 7.24 cents compared with 16.9 cents...


Janie Davies

July 19, 2019

16:02 GMT