Merafe Resources H1 2019 Ebitda down 45% because of low chrome prices

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...

Published

Janie Davies

August 06, 2019

13:22 GMT

London