Effect of electricity price increase on MRF

[#1]

Ferrochrome production is essentially a carbothermic reduction operation taking place at high temperatures. Cr Ore (an oxide of chromium and iron) is reduced by coal and coke to form the iron-chromium alloy. The heat for this reaction can come from several forms, but typically from the electric arc formed between the tips of the electrodes in the bottom of the furnace and the furnace hearth. This arc creates temperatures of about 2800°C. In the process of smelting, huge amounts of electricity are consumed making production in countries with high power charges very costly. - source wikipedia. I'm sure this share price will be affected by the dramatic increase of cost electricity. Any thoughts?

[Galuc]

Exxaro has just shelved ferro magnesium extraction furnaces in Meyerton due to lack of electricity, building them in Aus, figure that out!

[Andrew1]

Can you confirm where you got the information about Exxaro shelving the building of Smelters in Meyerton, as I would be interested to find out more. Thanks

[SimonPB]

spark, phone the company

[saash]

Has the tariff increase been decided/approved yet?

[#6]

Not sure, but I hope MRF has a similar agreement with Eskom to that of BHP, where the price of electricity is guaranteed for a certain period e.g 3 years, therefore no effect on the cost of production for now.