PSV chrome legacy agreement enhanced – Merafe

19th February 2025 By: Tasneem Bulbulia - Deputy Editor Online

PSV chrome legacy agreement enhanced – Merafe

Glencore-Merafe Chrome Venture operation - Tswelopele pelletising and sintering plant

An Upper Group 2 offtake agreement previously concluded between Lonmin and JSE-listed Merafe’s chrome pooling and sharing venture with Glencore Operations South Africa (PSV) has now been enhanced.

PSV has entered into a mutually beneficial enhancement to the legacy agreement, as well as a new chrome management agreement (CMA) with Sibanye-Stillwater which acquired Lonmin in 2019, and others, for the delivery of the contracted chrome volumes, in terms of the agreement, to be accelerated.

Moreover, PSV will take operational control of the relevant chrome recovery plants (CRPs), including the majority of the CRPs at Sibanye-Stillwater’s South African platinum group metal operations.

It is anticipated that the enhanced chrome arrangements will result in increased feed and improved recoveries, thereby optimising production yields and reducing operational costs across all relevant CRPs.