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Afarak subsidiary secures exploitation licence for Turkey chrome project

14th January 2016

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) – Dual-listed Afarak Group subsidiary Turk Maadin Sirketi (TMS) has been granted the exploitation mining licence for its Turkey-based Eagle Field chrome project.

TMS would now investigate the most appropriate time to bring the mine into production to ensure that the company benefitted from the selling price in a challenging trading environment.

TMS processed run-of-mine chrome ore into high-grade concentrate and lumpy chrome ore. The high-grade concentrate is delivered to Elektrowerk Weisweiler in Germany, another wholly-owned subsidiary of Afarak, were the chrome ore concentrate was further processed into low-carbon and ultralow-carbon ferrochrome.

The lumpy chrome ore was sold to third parties.

TMS currently produced 50 000 t/y chrome ore concentrate with an average percentage of chrome oxide of about 50%.

The company operated in three Turkish provinces and held 19 chrome ore concessions.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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