Merafe may idle up to two-thirds of ferrochrome production

Merafe may idle up to two-thirds of ferrochrome production

MERAFE Resources could mothball up to two-thirds of ferrochrome production in terms of a business review which is expected to be completed by May. Zanele Matlala, CEO of Merafe said between six to eight of its remaining 12 operating furnaces are at risk. Ten furnaces at its Rustenburg and Lydenburg ferrochrome complexes have already been idled, she said. A near 700% increase in electricity prices over the last seven to eight years was the main c…