Merafe Resources Ltd (JSE:MRF)
R 1.32 0.02 (1.54%) Market Cap: 3.30 Bil Enterprise Value: 1.65 Bil PE Ratio: 1.88 PB Ratio: 0.62 GF Score: 79/100
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Full Year 2021 Merafe Resources Ltd Earnings Call Transcript

Mar 22, 2022 / 08:00AM GMT
Release Date Price: R1.73 (-3.35%)
Operator

Good day ladies and gentlemen and welcome to the Merafe Resources Limited Annual Results Call. (Operator Instructions) Please note that this call is being recorded.

I'd now like to turn the conference over to Zanele Matlala. Please go ahead.

Zanele Joyce Matlala
Merafe Resources Limited - CEO & Executive Director

Good morning. Welcome to Merafe's annual results presentation for the year ended 31 December 2021. Ditabe and I will take you through the results, and we also have Japie Fullard, CEO of Glencore Alloys, with us who will assist with operational questions.

2021 was a year of recovery from a market, operational and financial perspective. This is reflected in the excellent results we are about to present. We move to Slide 4.

I'm pleased to report that there were no fatalities at our operations in 2021, and there was a marked improvement in TRIFR. Focus continue to be on reducing the impact of COVID-19 on our workforce, with 80% having had at least 1 jab.

On the market, the global economy recovered from the 2020

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