Mining and construction materials group Afrimat, which is in the process of acquiring two mining assets, says it is eyeing even more acquisitions after the Covid-19 pandemic proved the value of having diversified operations.

High iron ore prices helped cushion the blow from a slump in demand for construction materials and industrial minerals during the group’s half-year ended August, when the group saw double-digit operating profit growth...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now