Mid-tier mining and materials company Afrimat’s strategy to diversify between commodities and revenue streams, coupled with stringent capital allocation, has enabled the group to continue to weather economic and commodity shocks in the six months to August 31, group CEO Andries van Heerden said on October 26. Afrimat’s businesses comprise Construction Materials, consisting of aggregates and concrete-based products; Industrial Minerals, consisting of limestone, dolomite and industrial sand; Bulk Commodities, consisting of iron-ore and anthracite; Services, consisting of external logistical and mining services; and Future Materials and Metals, consisting of phosphate, vermiculite and rare earth elements.
