Merafe Resources Ltd 2016 IR
The report outlines Merafe Resources' financial and operational performance for the fiscal year ended December 31, 2016. Key highlights include a 29% increase in revenue to R5.7 billion and a 55% rise in profit after tax to R532 million, driven by higher ferrochrome and chrome ore volumes. Attributable ferrochrome production reached a record 393 kt, representing a 4% increase from the previous year. Despite these successes, the company faced challenges, including a tragic fatality at the Helena mine. The report also highlights the company's ongoing commitment to energy efficiency, which has positioned the Glencore-Merafe Chrome Venture as a low-cost producer in South Africa.
Company: Merafe Resources Ltd
Sector: Materials
Country: South Africa
Year: 2016
Type: IR
Pages: 64
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Merafe Resources Ltd
Integrated Annual Report
The report outlines Merafe Resources' financial and operational performance for the fiscal year ended December 31, 2016. Key highlights include a 29% increase in revenue to R5.7 billion and a 55% rise in profit after tax to R532 million, driven by higher ferrochrome and chrome ore volumes. Attributable ferrochrome production reached a record 393 kt, representing a 4% increase from the previous year. Despite these successes, the company faced challenges, including a tragic fatality at the Helena mine. The report also highlights the company's ongoing commitment to energy efficiency, which has positioned the Glencore-Merafe Chrome Venture as a low-cost producer in South Africa.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Employees