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Share Price: 4.65
Bid: 4.50
Ask: 4.80
Change: -0.05 (-1.06%)
Spread: 0.30 (6.667%)
Open: 4.70
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Low: 4.65
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AfriTin Mining reaches power supply agreement for Uis Mine

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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Andrada Mining shares up as mineral inventory expands on new resource

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11 Jan 2023 09:30

CORRECT: Getech signs deal; AfriTin confirms name change

(Corrects that Zenith Energy is based in Canada, not in Scotland.)

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10 Jan 2023 21:34

TRADING UPDATES: Getech signs deal; AfriTin confirms name change

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5 Jan 2023 20:41

IN BRIEF: AfriTin Mining to change name to Andrada Mining

AfriTin Mining Ltd - technology metals mining company focused on Namibia - Says shareholders approved resolution 3 regarding the proposed change of name of the company to Andrada Mining Ltd on Thursday. Reports that it applied to the Registrar of Companies in Guernsey to register this change of name. Notes that it will take effect with the receipt of confirmation from the registrar.

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29 Dec 2022 13:40

UK shareholder meetings calendar - next 7 days

Friday 30 December 
Amala Foods PLCAGM
Apollon Formularies PLCAGM
Europa Metals LtdGM re Denarius transaction
Goldplat PLCAGM
Ncondezi Energy LtdAGM
Ross GroupAGM
Secure Property Development & Investment PLCAGM
Time Out Group PLCAGM
Monday 02 January 
no events scheduled 
Tuesday 03 January 
no events scheduled 
Wednesday 04 January 
Thor Mining PLCGM re name change to Thor Energy PLC
Borders & Southern Petroleum PLCGM re fundraising
Thursday 05 January 
AfriTin Mining LtdEGM re name change
Shield Therapeutics PLCGM re share transaction
  
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7 Dec 2022 14:44

AfriTin Mining laboratory tests produce high-grade lithium pelatite

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AfriTin Mining makes further lithium oxide discoveries at Uis mine

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AfriTin Mining touts potential of Namibian licence on test results

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AfriTin Mining loss widens as cost of sales rise even as revenue falls

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