Merafe warns about freight train crisis as it lays off nearly 1,000 staff
Merafe warns about freight train crisis as it lays off nearly 1,000 staff Business is difficult due to the high cost of electricity, Covid-19 and now Transnet, say Glencore and its junior ferrochrome partner BL PREMIUM UPDATED 08 March 2021 - 19:22 Merafe Resources, which reported a difficult year that included laying off a tenth of its workforce, warned of another frustrating year ahead beset by tariff hikes and Transnet’s failure to provide enough trains. The company, a junior partner in a chrome mining and ferrochrome business with Glencore, reported a wider after-tax lo...
Source: businesslive.co.za