07:00 London, 09:00 Helsinki, 16 June 2014 - Afarak Group Plc, Stock Exchange Release
AFARAK GROUP: STRIKE AND LOCKOUT AT TURKISH MINING OPERATIONS
Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) announces that the Company's subsidiary Turk Maadin Sirketi A.S. ("TMS") has received a strike notification and the employees have commenced the strike on 15 June 2014. The Company has in turn declared a lockout and has temporarily closed down operations in the Tavas and Kavak mines in Turkey from the same date.
In spite of the temporary closure of TMS, Afarak's processing plant Elektrowerk Weisweiler GmbH in Germany has secured a sufficient amount of raw material until the end of 2014.
AFARAK GROUP PLC
Danko Koncar
CEO
Danko Koncar
CEO
For additional information, please contact:
Afarak Group Plc
Danko Koncar, CEO, +44 (0)20 7376 1175, danko.konchar@afarak.com
Investec Bank Plc
Jeremy Wrathall, +44 (0)20 7597 5970
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 OMX Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
www.afarakgroup.com
Distribution:
NASDAQ OMX Helsinki
London Stock Exchange
main media
www.afarakgroup.com