GLENCORE Merafe Joint Venture said on Friday it would keep its ferrochrome operations in South Africa open for another month, until the end of March, in order to finalise terms for a lower electricity tariff that would ensure its production was sustainable.

GLENCORE Merafe Joint Venture said on Friday it would keep its ferrochrome operations in South Africa open for another month, until the end of March, in order to finalise terms for a lower electricity tariff that would ensure its production was sustainable.

Eskom announced on Friday that it had extended an eleventh-hour 62c/kWh tariff offer to ferrochrome producers Glencore?Merafe Chrome Venture and Samancor

GLENCORE CEO Gary Nagle said he was confident Eskom will grant the group a 54% electricity tariff reduction before the end of February, a development that would enable the group to restart ferrochrome production.

Outokumpu financial statements release 2025 – Year ended weak with headwinds in business area Europe; more favorable dynamics expected in 2026

Eskom has requested the energy regulator to approve an interim tariff of 87c/kWh in favour of Samancor Chrome and the Glencore-Merafe Chrome Venture as a temporary measure to sustain smelter operations while talks continue in relation to a longer-term solution...

The National Energy Regulator of South Africa (Nersa) has granted South Africa’s ferrochrome majors, Samancor and Glencore-Merafe Chrome Venture, a hefty 35% electricity relief in a desperate measure to save the country’s smelters and thousands of jobs.

South Africa’s ferrochrome industry faces mounting challenges as the Glencore-Merafe Chrome Venture reported a dramatic 63% collapse in ferrochrome output during 2025 compared to the previous year. The joint venture, in which Merafe Resources holds a 20.5% st...