Merafe Resources Ltd

Merafe Resources Ltd Organogram

Merafe Resources Ltd, through its wholly owned ultimate subsidiary, Merafe Ferrochrome and Mining (Pty) Ltd (Merafe Ferrochrome) and through a pooling and sharing venture with Glencore Operations South Africa (Pty) Ltd (Glencore), participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates 5 ferrochrome smelters, 22 ferrchrome furnaces and 6 chrome mines and 5 UG2 plants, situated in the North-West, Limpopo and Mpumalanga provinces of South Africa. Merafe Ferrochrome's share of the earnings before interest, taxation, depreciation and amortisation (EBITDA) is 20.5%. Listed below are the assets to which Merafe Ferrochrome has granted the right of use to the Venture: • Ferrochrome smelters: - Wonderkop - (furnaces five and six) - Boshoek - Lion I - Lion II Chrome mines: • Boshoek - under care and maintenance • Kroondal • Wonderkop • Helena • Magareng • Marikana UG2 plants, pelletisers and PGM plant: • Impala Kanana UG2 plant • Lonmin UG2 plants • Bokamoso pelletising plant • Motswedi pelletising plant • Tswelopele pelletising plant • Unicorn Chrome • Western PGM plant