Company
Afarak Group PLC
LON:AFRK
Afarak Group PLC is a global vertically-integrated producer of speciality alloys with operations in South Africa, Turkey, Germany, London, Helsinki and Malta. Recognised as a critical metal producer, Afarak supplies world leading companies in a broad range of industries across the globe.
95 stories · page 1 of 5
Afarak confident it can ride out challenging ferrochrome markets
"We are confident about remaining profitable due to being the top-quality low-carbon ferrochrome producer in the global market"
Afarak welcomes signs of ferrochrome market improvement
"The raw materials and stainless steel markets are seeing a general positive trend finally"
Afarak agrees sale of Stellite chrome mine for €23mln
The total purchase price is to be paid in 3 portions
Afarak Group production report confirms impact of low demand during pandemic
Volumes were down in both the mining and processing businesses amid weakened demand during the ongoing pandemic.
Afarak Group updates on refinancing
As the calendar moved into a new quarter the company had a number of stock market announcements.
Afarak Group's revenue and profits continue to rise
Afarak is a ferrochrome producer with an international spread of assets
Afarak Group hopes Covid-19 vaccines will spark recovery in steel market
“Except for China, the pandemic has had a strong grip on all economies, which kept the stainless steel market in a very subdued status"
Afarak to appeal against Helsinki Administrative Court decision
The company will update the market in due course about the next steps in the process.
Afarak says quarterly production drops as result of coronavirus pandemic
Afarak Group has assets in South Africa, Turkey and Germany
Afarak losses narrow in the first as recovery continues, albeit slower than before coronavirus
"We have still managed to show good signs of recovery when compared to H1 2019," chief executive Guy Konsbruck said
Afarak places South African operations into business rescue process
The company cited the global economic slow-down resulting from the coronavirus crisis as the cause
Afarak's South African operations largely unaffected by the coronavirus epidemic
South African authorities gave approval for some mining activity to continue at the Stellite mine under strict health guidelines
Afarak publishes annual report, amidst temporary mine closures and weak pricing environment
Afarak's specialty division has been performing strongly
Afarak Group to put mines on ‘care and maintenance’ as South Africa prepares for coronavirus lockdown
South Africa's lockdown begins on Thursday, at midnight
Afarak awaits "swift" South African reaction to reinvigorate chrome industry
“The main priorities for Afarak in 2020 are stability and consistency of operational and financial performance,” says CEO Guy Konsbruck