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Glencore confident of ferrochrome tariff relief soon
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Glencore confident of ferrochrome tariff relief soon
GLENCORE CEO Gary Nagle said he was confident Eskom will grant the group a 54% electricity tariff reduction before the end of February, a development that would enable the group to restart ferrochrome production. “We sit here confident that we will get a very competitive tariff from the government,” said Business Day citing comments made by Nagle at Glencore’s annual results presentation. Meetings with the South African Presidency and key minist…
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