Heavy rainfall crimps Afarak’s South African output, but Türkiye ops fare better
LSE- and Nasdaq-listed Afarak Group has reported a 15.2% year-on-year increase in production for the first quarter of this year, despite production at its South African chrome operations having decreased by 26.8% year-on-year.
During the first quarter, Afarak’s speciality alloys production reached 26 961 t, up from 23 411 t in the first quarter of 2024.
Processing volumes rose to 7 411 t, from 6 901 t in the prior comparable period, representing an increase of 7.4%. Mining volumes for the quarter stood at 19 550 t, an 18.4% increase from the 16 510 t recorded in the corresponding period of 2024.
In South Africa, where the group operates the Vlakpoort, Zeerust and Mecklenburg chrome ore mines, mining activity decreased to 51 413 t in the first quarter, from 70 278 t in the first quarter of 2024, representing a decline of 26.8%. The drop in South African production negatively affected the group’s overall mining activity during the quarter.
The company said the decline in production was owing to South Africa having experienced significantly more rainfall than usual during the first quarter. Owing to the heavy rainfall, all mines in the area encountered operational difficulties, with numerous occasions when the processing plant did not receive sufficient feed and was forced to operate using suboptimal feed materials.
In contrast, Afarak’s mining activity, in Türkiye, where it operates ferrochrome mines, saw a marked increase of 18.4% compared with the same period last year. The increase was driven by the need to support the group’s processing plant in Germany and to capitalise on improved chrome ore prices through additional sales.
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