Merafe Resources Limited provided earnings guidance for the six months ended June 30, 2020. The company expecting to report a basic loss per share and headline loss per share of between 2.79 cents and 3.41 cents for the six months ended 30 June 2020, compared to a basic earnings per share and headline earnings per share of 6.6 cents for the prior comparative period. The expected decrease in basic earnings and headline earnings per share is primarily driven by substantially lower chrome ore and ferrochrome prices and lower sales volumes which were partially offset by a weaker average Rand: USD exchange rate.