Merafe Resources Ltd 2019 IR
The report outlines Merafe Resources' performance for the fiscal year 2019, a challenging period marked by lower commodity prices, rising electricity tariffs, and power supply disruptions. Despite these headwinds, the company maintained a strong balance sheet with a net cash balance of R354 million and no debt at the Merafe level. Attributable ferrochrome production decreased by 9% to 371kt, and the company recorded a net loss of R1.36 billion, primarily due to significant impairment adjustments. On a positive note, the total recordable injury frequency rate improved to 2.56, and the company declared a final dividend of R100 million.
Company: Merafe Resources Ltd
Sector: Materials
Country: South Africa
Year: 2019
Type: IR
Pages: 121
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Merafe Resources Ltd
Integrated Annual Report
The report outlines Merafe Resources' performance for the fiscal year 2019, a challenging period marked by lower commodity prices, rising electricity tariffs, and power supply disruptions. Despite these headwinds, the company maintained a strong balance sheet with a net cash balance of R354 million and no debt at the Merafe level. Attributable ferrochrome production decreased by 9% to 371kt, and the company recorded a net loss of R1.36 billion, primarily due to significant impairment adjustments. On a positive note, the total recordable injury frequency rate improved to 2.56, and the company declared a final dividend of R100 million.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
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