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Full Disclosure 2016

Company overview

Merafe is a ferrochrome producer with a 20.5% participation in the Glencore-Merafe Chrome Venture. Merafe participates in this venture through its wholly owned subsidiary Merafe Ferrochrome and Mining Proprietary Limited. The Venture is currently the main focus of Merafe’s business and is one of the largest ferrochrome producers in the world.1

The following mines are operated by the Venture in the Bushveld Complex in Mpumalanaga and North West Province: Waterval mine, Kroondal mine, Boshoek mine, Horizon mine, Wonderkop mine, Magareng mine, Helena mine and Thorncliffe mine.2 The Venture also has the following ferrochrome plants in the North West Province: Wonderkop, Rustenburg and Boshoek, and the Lydenburg and Lion operations in Mpumalanga and Limpopo.3

According to Merafe’s 2015 Annual Report, it had 6,458 full-time employees in 2015 and 363 temporary employees.4

  1. http://www.meraferesources.co.za/ovr-profile.php#.VC5bt_mSzE4 (last accessed on 7 November 2016).
  2. http://www.meraferesources.co.za/reports/ir_2013/per-abr-min.php (last accessed on 7 November 2016).
  3. http://www.meraferesources.co.za/inv-operations.php#.VC5hh_mSzE5 (last accessed on 7 November 2016).
  4. Merafe Annual Report 2015, at p30.