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 operational environment characterised...

Published

Janie Davies

August 06, 2019

13:22 GMT

London