Merafe Resources Limited specializes in exploring and operating mines. Net sales break down by activity as follows: - production and sale of ferrochromium (87.1%): to the iron and steel industry. Net sales break down by geographic region between Africa and Middle East (2.9%), Asia (70.7%), Europe (19.3%) and America (7%); - production and sale of chromium ore (12.8%). Net sales break down by geographical area between South Africa (6.6%) and Asia-Australia- Mexico-Europe (93.4%); - other (0.1%). At the end of 2021, the group operated 11 mines located in South Africa.

Employees

7,375

Sector

Iron & Steel

Calendar

08-11 Earnings release - Q2 2026

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Quotes

Date	Price	Change	Volume
22/07/26	ZAR 1.260	+0.80%	240,791
21/07/26	ZAR 1.250	+1.63%	304,034
20/07/26	ZAR 1.230	0.00%	658,554
17/07/26	ZAR 1.230	-1.60%	317,018
16/07/26	ZAR 1.250	-1.57%	262,213

End-of-day quote Johannesburg S.E.

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Annual profits - Rate of surprise

Company calendar

End-of-day quote Johannesburg S.E. Other stock markets 22/07/2026			5-day change	1st Jan Change
1.260 ^ZAR	+0.80%		-0.79%	+15.60%

06-01	Glencore's South African smelter cancels planned job cuts after electricity deal	RE
06-01	Merafe withdraws section 189 consultation process	RE

Market Cap	3.15B 192M 168M 156M 143M 270M 18.52B 274M 1.86B 728M 9.06B 720M 705M 31.3B	P/E 2026 *	-	P/E 2027 *	-
Enterprise Value	3.15B 192M 168M 156M 143M 270M 18.52B 274M 1.86B 728M 9.06B 720M 705M 31.3B	EV / Sales 2026 *	0.46x	EV / Sales 2027 *	0.32x
Free-Float	49.16%	Yield 2026 *	17.5%	Yield 2027 *	4.76%

06-01	Glencore's South African smelter cancels planned job cuts after electricity deal	RE
06-01	Merafe withdraws section 189 consultation process	RE
05-29	S.Africa's Eskom says regulator approves discounted power tariff for ferrochrome smelters	RE
05-13	Merafe Resources Limited Announces Changes to the Board of Directors and Audit and Risk Committee	CI
05-12	Merafe Resources Limited Announces Changes to the Board of Directors and Audit and Risk Committee	CI
04-28	Merafe Resources says Q1 attributable ferrochrome production from Glencore Merafe Chrome Venture 3kt	RE
04-10	Merafe Resources says Glencore-Merafe chrome venture board provisionally accepts revised Eskom electricity tariff terms	RE
04-10	South Africa's Eskom seeks regulatory approval for discounted ferrochrome tariff	RE
04-10	South Africa's Eskom concludes 62c/kWh power tariff for Samancor Chrome, Glencore-Merafe smelters	RE
04-07	Merafe says Glencore-Merafe chrome venture extends termination date to 9 April	RE
03-31	Merafe Resources says Glencore-Merafe Chrome Venture extends termination date to 7 April 2026	RE
03-16	Merafe Resources Limited, 2025 Earnings Call, Mar 09, 2026
03-11	Merafe Resources Limited Announces Resignation of David McGluwa as Non-Executive Director and Change to Social, Ethics and Transformation Committee	CI

06-01	Merafe Resources : Approval of a proposed electricity tariff solution and withdrawal of Section 189 consultation process	PU
04-28	Merafe Resources : Production Report For The Quarter Ended 31 March 2026	PU
04-07	Merafe Resources : Integrated Annual Report 2025	PU
04-07	Merafe Resources : 2025 Proxy Form	PU
03-09	Merafe Resources : Annual Results presentation for the year ended 31 December 2025 (Download full presentation)	PU

Merafe Resources Limited Stock

Stocks

MRF

ZAE000060000

Iron & Steel

Valuation: Merafe Resources Limited

Chart: Merafe Resources Limited

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Quotes and Performance

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Managers and Directors: Merafe Resources Limited

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Financials

Company Profile

Quotes

Income Statement and Estimates

Annual profits - Rate of surprise

1 day	+0.80%
1 week	-0.79%
Current month	-4.55%
1 month	-3.82%
3 months	+9.57%
6 months	+11.50%
Current year	+15.60%

1 week	1.22	1.26
1 month	1.22	1.32
Current year	1.04	1.35
1 year	0.94	1.35
3 years	0.94	1.61
5 years	0.69	1.96
10 years	0.24	2.01

Manager	Title	Age	Since
Zanele Matlala CEO	Chief Executive Officer	62	01/06/2012
Ditabe Chocho DFI	Director of Finance/CFO	55	02/01/2013
William R. Somerville SEC	Corporate Secretary	69	01/10/2014

Director	Title	Age	Since
Zanele Matlala BRD	Director/Board Member	62	01/04/2005
Ditabe Chocho BRD	Director/Board Member	55	10/05/2013
Jeffery Mclaughlan BRD	Director/Board Member	67	01/05/2019

Date	Insider	Type	Main position	Quantity	% Market Cap.
03/04/25	Ditabe Chocho	Free	Chief Financial Officer	1,915,921	0.0767%
03/04/25	Zanele Matlala	Free	Chief Executive Officer	3,777,009	0.1511%
02/04/24	Ditabe Chocho	Fiscal year	Chief Financial Officer	1,385,838	0.0555%

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Change	5-day change	1-year change	3-year change	Capi.($)
MERAFE RESOURCES LIMITED	+0.80%	-0.79%	-4.55%	+2.44%	192M
NUCOR CORPORATION	+1.97%	+2.55%	+66.67%	+45.02%	53.72B
ARCELORMITTAL	+0.45%	+0.83%	+100.55%	+131.64%	50.59B
STEEL DYNAMICS, INC.	+0.67%	+3.38%	+85.84%	+138.21%	34.41B
CARPENTER TECHNOLOGY CORPORATION	+1.81%	+7.72%	+118.10%	+955.53%	29.2B
TATA STEEL LIMITED	-1.21%	-0.67%	+13.18%	+59.59%	24.13B
NIPPON STEEL CORPORATION	+1.47%	+4.76%	+3.19%	-3.77%	19.19B
POSCO HOLDINGS INC.	0.00%	-3.66%	-6.19%	-45.01%	15.44B
LLOYDS METALS AND ENERGY LIMITED	+3.32%	+4.88%	+26.61%	+235.54%	10.91B
SSAB AB	+0.22%	-2.89%	+64.93%	+49.21%	9.98B
Average	+0.91%	+0.14%	+46.83%	+156.84%	24.78B
Weighted average by Cap.	+0.93%	+0.25%	+65.76%	+183.51%

	2026 *	2027 *
Net sales	6.8B 414M 363M 337M 310M 583M 39.97B 592M 4.01B 1.57B 19.56B 1.55B 1.52B 67.56B	9.93B 605M 530M 492M 452M 852M 58.4B 865M 5.86B 2.3B 28.58B 2.27B 2.22B 98.72B
Net income	-	-
Net Debt	-	-