South Africa’s Afrimat hard to resume 100% output despite govt's approval
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Update time : 2020-05-14 20:04:13
According to the news, although Afrimat, one of the South Africa mining companies, had received permission from the South African government to resume their operation, the production was still hard to resume 100%, mainly caused by the global trading restriction.
By the prediction from Afrimat, the total margin for a per-share would reach ZAR 0.34-0.36, increased by around 40-50% in the fiscal year of 2020.
Among them, the total sales of iron ore from Arimat in the first half of the fiscal year 2020 were around 437,000 tons.
