2017-04-20 08:03:20 CEST

2017-04-20 08:03:20 CEST


REGULATED INFORMATION

Finnish English
Afarak Group Plc - Other information disclosed according to the rules of the Exchange

AFARAK GROUP INCREASES ITS PRODUCTION OF FERROCHROME


 07:00 London, 09:00 Helsinki, 20 April 2017 - Afarak Group Plc ("Afarak" or
"the Company")



              AFARAK GROUP INCREASES ITS PRODUCTION OF FERROCHROME

   Afarak Mogale successfully completes transition of second silicomanganese
                            furnace to ferrochrome.

                    Open-cast mining resumes at Mecklenburg.



Afarak  Mogale  is  currently  utilising  all  its operating furnaces to produce
ferrochrome  following  the  successful  transition  of  a  second  furnace from
silicomanganese to ferrochrome.

Prior  to December 2016, Mogale only had  one furnace dedicated to ferrochrome.
As a response to improved market conditions, Afarak Group successfully converted
two  of its furnaces from producing silicomanganese to ferrochrome; the first in
December 2016 and the second in April 2017.

It  is expected that the new furnace  will be producing an additional 2,300 tons
per  month.   In  addition,  open-cast  mining  at  Mecklenburg  has resumed and
preparations are underway for underground mining with the potential of accessing
20 million  tons of  chrome reserves.   These initiatives  will further increase
Afarak'  vertical-integration  and  make  it  more  independent from third party
suppliers of ore.



Guy Konsbruck

CEO


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