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CORRECTION: AFARAK GROUP: PRODUCTION REPORT Q3 2025
Globenewswire· 2025-10-24 06:00
Core Viewpoint - Afarak Group SE reported a mixed performance in Q3 2025, with increased production in the specialty segment but a significant decline in overall mining activity due to the sale of the Zeerust mine and reduced operations in South Africa [1][3]. Production Summary - Specialty Alloys production increased by 28.3% in Q3 2025 compared to Q3 2024, reaching 23,952 metric tons [4]. - Processing volumes rose by 41.3% year-over-year in Q3 2025, totaling 6,039 metric tons [4]. - Mining output decreased by 51.4% in Q3 2025 compared to the same period last year, primarily due to reduced activity in South Africa [3][6]. - South African mining activity dropped by 67.9% year-over-year, while Turkish mining increased by 24.4% [6]. Market Outlook - Demand for chromium ore remains strong in China, driven by reduced production from major South African ferro-chrome producers, leading to higher exports and increased ferro-chrome production in China [5]. - Cr Ore prices in China improved during Q3 2025, with gradual recovery in global market prices for both high and low carbon ferrochrome [6].
AFARAK GROUP SE: REDUCTION OF THE SHARE PREMIUM RESERVE
Globenewswire· 2025-05-28 14:47
Core Points - Afarak Group SE has executed a resolution to reduce its share premium reserve by EUR 25,223,189.79, resulting in a balance of zero in the share premium reserve on its balance sheet [1][2] - The reduced amount has been transferred to the reserve for invested unrestricted equity, and this reduction did not affect the number of shares in the company [2] Company Overview - Afarak Group is a specialist alloy producer focused on sustainable growth, operating a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa [3] - The company is listed on NASDAQ Helsinki and the Main Market of the London Stock Exchange [3]