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Commencement of plant civil construction works

4 Jun 2018 07:00

RNS Number : 1143Q
AfriTin Mining Ltd
04 June 2018
 

4 June 2018

 

AfriTin Mining Limited

("AfriTin" or the "Company")

Commencement of plant civil construction works

 

AfriTin Mining Limited (AIM: ATM), a mining company with a portfolio of near production tin assets in Namibia and South Africa, with the flagship asset being the Uis Tin Mine in Namibia, is pleased to announce an update on its operations.

Highlights

· Appointment of contractors responsible for Phase 1 of the construction of plant civil works;

· Immediate mobilisation of the contractors to site; and,

· Construction targeted for completion during Q3 2018.

 

Following a comprehensive tender process, the Company is pleased to announce the appointment of a civil works contractor, known as Ino Invest, who will be responsible for the construction of the civil works required at the Uis mine.The construction is to be executed in accordance with the scope, description, drawings, specifications, delivery dates and terms and conditions provided by AfriTin's engineers. Phase 1 is designed to process 500,000 tonnes per annum.

 

The commencement of construction of the civil works will involve the following:

 

· Platforms and earthworks;

· Upgrading and re-alignment of access and plant roads;

· Run-of-mine tip retaining wall;

· Bulk infrastructure; and,

· Internal plant infrastructure;

 

The contractor is a local, Namibian company specialising in construction and project management.

 

Commenting on the appointment, CEO Anthony Viljoen stated, "I am very pleased to announce this appointment, signalling the beginning of mine construction, in what is another positive step in ensuring that planned production remains on track for commencement H2 2018. The appointment of local contractors attests to our commitment towards establishing Uis as a proudly Namibian operation.

 

We are confident in the contractor's ability to execute on the project and we look forward to construction commencing in the very near future."

 

 

Enquiries:

AfriTin Limited

 

Anthony Vijoen (CEO)

+27 (11) 268 6555

Nominated Adviser and Joint Broker

 

WH Ireland Limited

Katy Mitchell

Adrian Hadden

James Sinclair-Ford

 

 

+44 (0) 207 220 1666 

 

Joint Broker

 

NOVUM Securities Limited

Jon Belliss

+44 (0)20 7399 9400

Financial PR (United Kingdom)

 

Tavistock

 

Jos Simson / Barney Hayward

+44 (0) 207 920 3150

Financial PR (South Africa)

 

Lifa Communications

Cath Drummond / Gabriella von Ille 

 

+27(0)11 268 5781

 

 

Notes to editors

AfriTin Mining is the first pure tin company listed in London and its vision is to create a portfolio of world-class, conflict-free, tin producing assets. The Company's flagship asset is the Uis brownfield tin mine in Namibia, formerly the world's largest hard-rock tin mine.

AfriTin is managed by an experienced board of directors and management team with a current two-fold strategy: fast track Uis brownfield tin mine in Namibia to commercial production in 2018 ramping up to 5,000 tonnes of concentrate, and consolidation of other quality African tin assets. The Company strives to capitalise on the solid supply/demand fundamentals of tin by developing a critical mass of tin resource inventory, achieving production in the near term and further scaling production by consolidating tin assets in Africa.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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