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.