AFARAK GROUP: PRODUCTION REPORT Q3 2021
October 29 2021 - 7:10AM
AFARAK GROUP: PRODUCTION REPORT Q3 2021
13:00 London, 15:00 Helsinki, 29 October 2021 -
Afarak Group Plc (“Afarak” or “the Company”) (LSE: AFRK, NASDAQ:
AFAGR)
Production report
Q3
2021
Afarak’s speciality segment output shows net signs of
improvement. The overall Afarak Group production during the third
quarter of 2021 was lower compared to same quarter of prior year,
mainly due to the divestment of major South African assets.
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Q3/2021 |
Q3/2020 |
Change |
FY 2020 |
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Group
production |
mt |
31,568 |
43,121 |
-26.8% |
214,775 |
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Mining |
mt |
26,273 |
41,762 |
-37.1% |
184,779 |
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Processing |
mt |
5,295 |
1,359 |
289.6% |
29,997 |
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Speciality Alloys production |
mt |
23,716 |
17,440 |
36.0% |
89,715 |
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Mining |
mt |
18,421 |
16,081 |
14.5% |
73,306 |
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Processing |
mt |
5,295 |
1,359 |
289.6% |
16,409 |
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FerroAlloys production |
mt |
7,852 |
25,681 |
-69.4% |
125,060 |
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Mining |
mt |
7,852 |
25,681 |
-69.4% |
111,472 |
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Processing |
mt |
0 |
0 |
0.0% |
13,588 |
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Mining
- The Turkish
mines continued to increase their mining activity during the third
quarter of 2021 by 14.5%, when compared to last year.
- The mining
activity at the South African mines were clearly reduced due to the
divestments of major assets within these mines.
Processing
- The improved
market conditions as well as higher demand, resulted in a
significant increase in production volumes at EWW processing plant
in Germany during the third quarter of 2021.
Helsinki, October 29, 2021
AFARAK GROUP PLC
Board of Directors
For additional information, please contact:
Afarak Group Plc
Guy Konsbruck, CEO, +356 2122
1566, guy.konsbruck@afarak.com
Financial reports and other investor information are available
on the Company's website: www.afarak.com.
Afarak Group is a specialist alloy producer focused on
delivering sustainable growth with a Speciality Alloys business in
southern Europe and a FerroAlloys business in South
Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the
Main Market of the London Stock Exchange (AFRK).
Distribution:NASDAQ HelsinkiLondon Stock ExchangeMain
media
www.afarak.com
- Afarak_Production report_2021_Q3_EN
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