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Share Price:
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2.60
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0.40 (15.385%)
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Wed, 08th May 2019 15:20
(Sharecast News) - Namibia and South Africa-focussed mining company AfriTin Mining announced the conclusion of an electrical power supply agreement for its mining and processing facility at the Uis Mine on Wednesday, as part of the first phase pilot plant project.The AIM-traded firm said it had concluded a formal supply agreement for electrical grid power with state-owned utility, Namibia Power Corporation (Nampower).It said the agreement would provide for the full on-site power requirements for the first phase mining and processing facility, and would be "significantly" more cost effective than diesel generated power.The salient terms of the agreement included a supply voltage of 66kV, supply capacity of 1.5MVA, an agreement period of 10 years, and pricing according to Nampower's schedule of standard prices for transmission customers.Diesel generators were now in place at site to provide power to the processing plant during the commissioning phase, the company explained.However, once grid power had been connected, the diesel generators would serve as backup power.The electrical power would be provided from the existing high-voltage supply line that currently terminated around one kilometre from the plant processing site.It was projected that the construction of an 800-metre power line and substation required for the grid power connection would be undertaken, and was aimed to coincide with the anticipated production ramp-up of the processing plant."The conclusion of the power supply agreement is an important step in the progression of the Uis tin mine," said AfriTin chief executive officer Anthony Viljoen."This agreement will provide reliable energy to site, improve the planned cost structure and further support the economic viability of our project."
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17 Jun 2025 11:04
Andrada Mining inks ore acquisition agreement at Goantagab in Namibia
(Alliance News) - Andrada Mining Ltd on Tuesday said it has secured additional supply from a tin ore body at Goantagab in Namibia, near to the Uis mine and processing facility.
Read more6 Jun 2025 12:11
Andrada tin concentrate production rises
(Sharecast News) - Andrada Mining reported an 11% year-on-year increase in tin concentrate production to 405 tonnes for the quarter ended 31 May on Friday, alongside a continued reduction in operating costs as it strengthened its performance at the Uis mine in Namibia.
Read more10 Apr 2025 14:23
Andrada Mining shares surge on Uis exploration drilling results
(Alliance News) - Andrada Mining Ltd on Thursday reported initial drilling results for 13 proximal polymetallic pegmatites in the previously mined areas of its Uis mining licence.
Read more28 Feb 2025 15:24
Andrada Mining earn-in deal with SQM gets regulatory go-ahead
(Sharecast News) - Andrada Mining announced on Friday that it has received final approval from the Namibian Competition Commission for its earn-in agreement with Sociedad Química y Minera de Chile (SQM), clearing the way for the partnership to proceed.
Read more12 Feb 2025 14:27
Andrada Mining secures USD2.5 million for new tin processing plant
(Alliance News) - Andrada Mining Ltd on Wednesday said it has secured USD2.5 million in funding for an additional tin processing plant in Namibia.
Read more20 Dec 2024 18:30
IN BRIEF: Andrada Mining posts increase in ore processed
Andrada Mining Ltd - technology metals mining company with a portfolio of mining and exploration assets in Namibia - Reports 4.8% increase in ore processed in the third financial quarter ended November 30, to 239,240 tonnes from 228,234t a year ago. Contained tin output grows 15% to 232t from 202t.
Read more28 Nov 2024 17:07
Andrada Mining loss narrows as earnings show "significant progress"
(Alliance News) - Andrada Mining Ltd on Thursday said its first-half loss narrowed and revenue increased in results that show "significant progress" from a restructuring.
Read more23 Sep 2024 14:09
13 Sep 2024 09:07
LONDON BROKER RATINGS: Deutsche Bank cuts AstraZeneca to 'sell'
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:
Read more9 Sep 2024 16:24
CORRECT: AIM WINNERS & LOSERS: Pebble Group profit down
(Correcting that Pensana is listed on the Main Market, not AIM.)
Read more9 Sep 2024 12:20
Andrada Mining to develop lithium ridge in Namibia with with SQM
(Alliance News) - Andrada Mining Ltd on Monday said it will develop the Lithium Ridge in Namibia with Sociedad Quimica y Minera de Chile SA through the latter's subsidiary SQM Australia Pty Ltd.
Read more9 Sep 2024 12:05
LONDON MARKET MIDDAY: Stocks up before US inflation data, ECB decision
(Alliance News) - Stock prices in London were higher on Monday, as equities recovered from a tricky week, with upcoming central bank decisions in focus.
Read more9 Sep 2024 11:11
AIM WINNERS & LOSERS: Pebble Group profit down; Pensana strikes deal
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday.
Read more30 Aug 2024 21:26
EARNINGS: ProBiotix Health hails positive outlook as revenue surges
(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:
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