Merafe withholds dividend after profit plunges on weak chrome prices – Business Day

The mining company, whose primary source of revenue is a 20.5% stake in a chrome joint venture with globally diversified miner and commodity trader Glencore, reported profit of R165m for the six months to end-June, compared with a profit of R425m the year before.  Article by Allan Seccombe with comment from Mandi Dungwa – portfolio manager at Kagiso Asset Management.
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