Merafe-Xstrata JV to shut furnaces

Comment on this story
FerroChrome REUTERS A labourer works in a ferrochrome factory. Ferrochrome is mainly used as an alloy in stainless steel to prevent corrosion.

A joint-venture between South African ferrochrome producer Merafe Resources and London-listed Xstrata will shut five of 20 furnaces between January and March next year to help power utility Eskom manage a tight electricity supply.

Merafe said in a statement on Wednesday the shutdown will result in a production loss of 100,000 tonnes but added the arrangement “will be mutually beneficial to Eskom and the venture and will not result in job losses at these furnaces.” - Reuters



sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines