Alloy processor Afarak Mogales starts extended winter maintenance early

Afarak’s South African Mogale Alloys processing plant has brought forward and extended the duration of its annual winter maintenance process, it said on July 13 and then confirmed to Fastmarkets.

Afarak Mogale has been in business rescue, which is being managed by accountants BDO, since May 2020.
The seasonal closure would usually take place in August but this year it has been introduced immediately in response to challenges that the company said were, “out of the control of either management or the business rescue practitioners.”

“The business rescue practitioners and the company have, therefore, decided to immediately shut down operations and to place the plant and ancillary...

Published

Jon Stibbs

July 14, 2020

14:40 GMT

London