MRF Operational Update Neutral
MERAFE RESOURCES LIMITED - Further update regarding the companys ferrochrome smelter operations
Merafe Resources Limited
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What this filing means
Merafe has restarted 50% of its Lion Smelter under a temporary tariff, but faces a critical February 28 deadline for labor consultations at two other sites.
Bull case
- Partial recommissioning of Lion Smelter with 50% capacity already active and first production tap achieved.
- Approval of a 12-month interim electricity tariff of 87.74c per kWh provides short-term operational runway.
Bear case
- The interim tariff of 87.74c is explicitly stated as unsustainable, with 62c required for long-term commercial viability.
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