Brief: Afarak Q1 Overall Production Falls By 42.6%
30/04/2020 15:52
April 30 (Reuters) - Afarak Group Plc AFAGR.HE :
* REG-AFARAK GROUP: PRODUCTION REPORT Q1 2020
* OVERALL PRODUCTION DURING Q1 OF 2020 CONTRACTED BY 42.6%
WHEN
COMPARED TO SAME PERIOD OF PRIOR YEAR
* Q1 GROUP PRODUCTION 76,405 MT VERSUS 133,217 MT YEAR AGO
* CONTRACTION IN MINING ACTIVITY WAS MAINLY ATTRIBUTABLE TO
NO
MINING ACTIVITY IN MECKLENBURG MINE AND SIGNIFICANTLY LOWER
MINING ACTIVITY IN STELLITE MINE
* MINING ACTIVITY DECREASED BY 45.4% DURING Q1 OF 2020 WHEN
COMPARED TO SAME PERIOD OF PRIOR YEAR
* ON CORONAVIRUS: IMPACT OF COVID-19 EPIDEMIC HAD A LIMITED
EFFECT
ON AFARAK GROUP MINING ACTIVITY IN SOUTH AFRICA
* FOLLOWING LOCKDOWN IN SOUTH AFRICA DUE TO EPIDEMIC
COVID-19,
APPROVAL WAS PROVIDED BY AUTHORITIES FOR CO TO CONTINUE WITH
PRODUCTION
Source text for Eikon: ID:nGNE78hcV
Further company coverage: AFAGR.HE
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))