Afarak subsidiary granted exploitation mining license in Turkey
An exploitation mining license has been granted to Turk Maadin Sirketi AS (TMS) for Eskisehir – Mihaliccik Karaagac “Eagle Field”.
TMS is a subsidiary of Finnish chrome mining and minerals producer Afarak, and specialises in the mining industry of high-grade chrome ore. The Turkish company processes run of mine chrome ore into high-grade concentrate and lumpy chrome ore.
The high-grade concentrate is then delivered to another of Afarak’s subsidiaries, Elektrowerk Weisweiler GmbH in Germany. Here it is further processed into low carbon and ultra low carbon ferrochrome.
The remaining lumpy chrome ore is sold to third parties.
TMS is set to investigate the most appropriate time to bring the mine into production to ensure that Afarak maximises the selling price.