Slide 1: Merafe Resources Investor Presentation, New York and Boston, June 2011
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Slide 2: Disclaimer
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Slide 3: Agenda
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Slide 4: Company overview and management
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Slide 5: Merafe structure and Glencore-Merafe Chrome Venture
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Slide 6: Global chrome and ferrochrome production
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Slide 7: Rising costs and widening supply gap
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Slide 8: Financial overview
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Slide 9: Chrome venture mines, smelters and capacity
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Slide 10: Premus technology and energy efficiency
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Slide 11: Lion project and Wonderkop smelter development
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Slide 12: Premus lower energy and cost advantages
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Slide 13: Funding and cash flow from the venture
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Slide 14: South African electricity tariff increases and energy consumption
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Slide 15: Commissioning and expansion timeline
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Slide 16: Full production ramp-up and capacity
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