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Merafe’s Eskom deal: Government needs it more
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Merafe’s Eskom deal: Government needs it more
THE Glencore-Merafe Chrome Venture’s proposed 62c per kWh electricity tariff deal with Eskom, far below the standard tariff of around 234c per kWh, could determine whether its ferrochrome smelters return to meaningful production or remain largely mothballed. The irony is that the deal may matter more to government than to the Venture itself. For government, the logic is compelling. South Africa holds roughly 75% of the world’s chrome ore reserve…
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