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Merafe reports R720m half-year profit on higher chrome ore prices, weaker currency

High-tech boosts upgrades in energy, manufacturing, transport, retail sectors.

Goal is sustainable and high-quality development despite challenges.

IMFA First Quarter Earnings of Fiscal Year Ended June 30, 2024

Glencore on Wednesday highlighted what it described as “strong strategic achievements for the group over the year to date”.

Ferrochrome production attributable to the Johannesburg Stock Exchange-listed Merafe Resources from the Glencore Merafe Chrome Venture for the six months to June 30 was a 17%-lower 154 000 t compared with the same period in 2023.

Jindal Stainless Limited (JSL) announced the financial results for the quarter ended on June 30, 2024.

Own sourced nickel production of 44,200 tonnes was 2,200 tonnes (5%) lower than H1 2023; attributable ferrochrome production of 599,000 tonnes was 118,000 tonnes (16%) below H1 2023.