Glencore-Merafe chrome JV declares force majeure on lockdown

摘要

London—South African Glencore-Merafe chrome joint venture has declared force majeure on some of its chrome concentrate sales contracts, as a result of the countrywide lockdown, Merafe Resources chief financial officer Ditabe Chocho said Wednesday. “We have also received force majeure notifications from some vendors,” Chocho told S&P Global Platts, adding that the company’s operations are currently on care and maintenance. South Africa’s government last week moved to implement a 21-day lockdown effective from midnight March 26 to help curb the spread of COVID-19.