Du är här

2016-02-11

Afarak Group: AFARAK GROUP PLC'S - INVESTMENT IN SHAKING TABLE TECHNOLOGY COMPLETED

11 February 2016 - Afarak Group Plc, Stock

Exchange Release

AFARAK GROUP PLC'S - INVESTMENT IN SHAKING TABLE TECHNOLOGY COMPLETED

Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, NASDAQ: AFAGR)
announces that its South African subsidiary Ilitha Mine has completed a
"Shaking Table" plant. Ilitha Mine is part of the Synergy Africa joint
venture between Afarak and Kermas Limited.

The "Shaking Table" technology, already used in the mines of Afarak's Turkish
subsidiary TMS, will allow the company to treat the Tailing Dump for chrome
and increase Ilitha Mine's total plant mass yield from currently 49% to
65%.This in turn will drastically reduce the operating cost per ton. Full
production is expected to be reached by Mid-March 2016.

AFARAK GROUP PLC
Dr Alistair Ruiters
CEO

For additional information, please contact:

Afarak Group Plc
Dr Alistair Ruiters, CEO, +358 (0)50 372 1130, Alistair.ruiters@afarak.com

Afarak Group is a chrome mining and minerals producer focused on delivering
sustainable growth with a speciality alloys business in southern Europe and a
ferro alloys business in southern Africa. The Company is listed on NASDAQ
Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
www.afarakgroup.com

Distribution:
NASDAQ Helsinki
London Stock Exchange
main media
www.afarak.com

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Afarak Group via Globenewswire

HUG#1985461

Författare WKR

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.