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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Half Year 2023 Merafe Resources Ltd Earnings Call Transcript

Aug 15, 2023 / 08:00AM GMT
Release Date Price: R1.31 (+9.17%)
Operator

Good day, ladies and gentlemen, and welcome to the Merafe Resources Interim Results Presentation. (Operator Instructions) Please note that this call is being recorded. I would 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 interim results presentation for the period ended 30 June 2023. Ditabe and I will take you through the results. And we also have Japie Fullard, CEO of Glencore Alloys, with us to assist with operational questions.

The first half of 2023 was characterized by similar challenges to those we had in 2022 financial year. These included persistent high inflation, unreliable electricity supply and logistics challenges. Despite these challenges, Merafe recorded solid results.

If we move to Slide 4, which is the year -- or the half year at a glance, no fatalities were recorded in the first half of 2023, and there was improvement in the total recordable injury frequency rate. There was no impact of

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