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Last 80.00
Change Today -2.00 / -2.44%
Volume 242.5K
MRF On Other Exchanges
Symbol
Exchange
MRF is not on other exchanges.
As of 7:34 AM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

merafe resources ltd (MRF) Snapshot

Open
$80.00
Previous Close
$82.00
Day High
$82.00
Day Low
$79.00
52 Week High
08/13/14 - $150.00
52 Week Low
04/24/15 - $73.00
Market Cap
2.0B
Average Volume 10 Days
942.3K
EPS TTM
$0.08
Shares Outstanding
2.5B
EX-Date
03/23/15
P/E TM
9.5x
Dividend
$0.80
Dividend Yield
2.43%
Current Stock Chart for MERAFE RESOURCES LTD (MRF)

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merafe resources ltd (MRF) Details

Merafe Resources Limited produces and sells ferrochrome and chrome ore products used in the manufacturing of stainless steel in Africa, the Americas, Asia, Australia, and Europe. The company owns and operates nine chrome mines located in the western and eastern limbs of the Bushveld Complex. Merafe Resources Limited is headquartered in Sandton, South Africa.

merafe resources ltd (MRF) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: R6.2M
Financial Director and Executive Director
Total Annual Compensation: R2.0M
Compensation as of Fiscal Year 2014.

merafe resources ltd (MRF) Key Developments

Merafe Resources Limited Reports Unaudited Production Results for the Six Months Ended June 30, 2015; Provides Earnings Guidance for the Six Months Ended June 30, 2015

Merafe Resources Limited reported unaudited production results for the six months ended June 30, 2015. For the six months, the company reported attributable ferrochrome production of 195 kt, increased by 16% against 168 kt for the same period of last year. This increase was primarily attributable to the additional production from the Project Lion II furnaces which ramped up to full capacity in the second quarter of 2015. For the six months, the company expects basic earnings per share of between 4.7 cents and 5.3 cents, compared to 9.0 cents for the comparative period, which is a decrease of between 41% and 48%. Headline earnings per share are expected to be between 4.7 cents and 5.3 cents compared to 8.9 cents for the comparative period, which is a decrease of between 40% and 47%. The decrease in headline earnings period on period is primarily attributable to the decrease in net ferrochrome prices and an increase in expenses (cost of goods sold, depreciation and net financing costs), which was partially offset by the increase in ferrochrome and chrome ore sales volumes and the weakening of the Rand against the US Dollar.

Merafe Resources Limited Announces Management Appointments

Merafe Resources Limited announced that with effect from 21 May 2015, Abiel Mngomezulu (independent non-executive director) has been appointed as a member of Audit and Risk Committee. Mpho Mosweu (non-executive director) has been appointed as a member Social, Ethics and Transformation Committee. Shaun Blankfield has been appointed as a member of Remuneration and Nominations Committee.

Merafe Announces Appointment of Shaun Blankfield as Non-Executive Director with Effect from 13 May 2015

The board of directors of Merafe Resources Limited to announce the appointment of Shaun Blankfield as a non-executive director of the company with effect from 13 May 2015. Shaun is the Head of Business Development for Glencore South Africa. Shaun is a qualified Chartered Accountant (CA (SA)) and served articles with Deloitte South Africa. ubsequently he worked as a manager in the Corporate Finance and Accounting Advisory Services team at Deloitte, Sydney, Australia.

 

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