leadf
logo-loader
viewAfarak Group PLC

Afarak Group to put mines on ‘care and maintenance’ as South Africa prepares for coronavirus lockdown

South Africa's lockdown begins on Thursday, at midnight

Afarak Group PLC - Afarak Group to put mines on ‘care and maintenance’ as South Africa prepares for coronavirus lockdown
Image source: Afarak Group

Afarak Group PLC (LON:AFRK) has informed investors that it will be required to put its operations under ‘care and maintenance’ as South Africa prepares for a 21-day lockdown to combat the coronavirus (Covid-19) pandemic.

In a statement, the London-listed miner noted that the South African National Coronavirus Command Council will enforce the lockdown from midnight Thursday 26 March.

The lockdown will, among other measure, impact companies whose operations require continuous processes such as furnaces and underground mine operations, Afarak said.

“These measures are engaging also the operations of Afarak Group in South Africa and, accordingly, a specific plan is being developed by the company in order to cope with these extraordinary measures and preserve the health and safety of the workers and the population,” it said.

Quick facts: Afarak Group PLC

Price: 20 GBX

LSE:AFRK
Market: LSE
Market Cap: £47.7 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Afarak Group PLC named herein, including the promotion by the Company of Afarak Group PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

2 min read