The overall Afarak Group production during the third quarter of 2020 reduced by 60.1% when compared to same quarter of prior year.

Mining

Afarak Group’s mining activity decreased by 58.2% during the third quarter of 2020 when compared to same period of prior year.

Reduced mining activity in the South African mines resulted in significant lower mining volumes.

Protection of our staff in the pandemic was our priority.

Low market prices and poor demand did not justify enhanced production.

Subsequently the volumes at the Turkish mines also decreased during the third quarter.

Processing

Processing volumes decreased in both segments by 79.2% during the third quarter of 2020 when compared to same period of the prior year.

Slow demand of low carbon ferrochrome resulted in lower production at EWW plant in Germany. The COVID-19 epidemic had a negative impact on the speciality market and as a result EWW plant had to increase the shutdown periods to manage stock levels.

Minor production activity recorded during the third quarter of 2020 at Mogale plants as a result of the business rescue process.

Table: Production

Source: Afarak Group