Afarak has reported a ?,?1 million ($1.14 million) earnings deficit for the full-year 2018, partly due to lower ferro-chrome prices and a weaker spot market for chrome ore.
The London and Helsinki-listed mining and metallurgical group reported negative earnings before interest, tax, depreciation and amortization (Ebitda) of ?,?1 million for the full-year 2018, compared with a record ?,?17 million in 2017. The results follow a profit warning and the announcement of a writedown of the group's Mogale Alloys business in South Africa,...