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Pin to quick picksAndrada Mining. Regulatory News (ATM)

Share Price Information for Andrada Mining. (ATM)

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Share Price: 5.00
Bid: 4.90
Ask: 5.10
Change: -0.20 (-3.92%)
Spread: 0.20 (4.082%)
Open: 5.10
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Prev. Close: 5.10
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COVID-19 Update

31 Mar 2020 13:20

RNS Number : 2508I
AfriTin Mining Ltd
31 March 2020
 

31 March 2020

AfriTin Mining Limited

("AfriTin" or the "Company")

COVID-19 Update

AfriTin Mining Limited (AIM: ATM), a tin mining company with a portfolio of assets in Namibia and South Africa, provides an update on its business, following the global outbreak of the COVID-19 virus and new legislation brought forward by the Government of Namibia.

In order to tackle the spread of COVID-19, The Republic of Namibia announced a 21-day lockdown beginning at 23:59 on Friday 27 March and ending at 23:59 on 16 April 2020.

Under the government legislation, mining operations are categorised as critical economic services and are able to continue minimum operational activity including critical maintenance work. To comply with this directive, the Uis Tin Mine will suspend mining from the open pit but continue feeding the processing plant from the run-of-mine stockpile during this period. The Company has more than two months' worth of production on its stockpile and does not believe this will have a detrimental impact to the progress at site.

As part of the debottlenecking of the processing plant announced in February 2020, the Company scheduled a plant shutdown to implement the required modifications. These activities will continue under the current restrictions, although the risk of supply chain disruptions may impact on the scope and timing of the plant shutdown.

The Company plans to export the next shipment of tin concentrate from Walvis Bay by mid-April 2020. As it currently stands, the relevant port and smelter operations continue to move and accept tin concentrate. If further information to the contrary becomes available, the Company will update the market accordingly.

The health and safety of all AfriTin's employees is of paramount importance and the Company has taken all necessary steps to mitigate any possible outbreak, including the monitoring of its employees for any symptoms, social distancing and hand hygiene. The mine site is not near any major metropolis areas where the virus appears to spread with ease. Where possible, the Company's employees are working from home and all international travel, as well as travel to and from Namibia, has been banned until at least the 16th April 2020.

There are no confirmed cases of COVID-19 across the Company's operations to date.

Anthony Viljoen, CEO of AfriTin Mining Limited commented:

 

"These are unprecedented times for both the mining sector and the world as a whole. The health and safety of our employees and communities is a main focus and the company is following all WHO and Namibian national health guidelines to ensure this remains the case.

"We will operate at a minimal mining and processing activity. I also take comfort in the fact that the mine is isolated, with very little movement of people through the area. Having said this, we are taking no chances and are ensuring the strictest hygiene and social distancing levels across the business and continue monitoring all of our employees for any symptoms of the virus.

"I'd like to thank all our employees, shareholders and the Government of Namibia for their continued support, in what is a truly challenging time."

 

 

For further information, please visit www.afritinmining.com or contact:

AfriTin Limited

Anthony Viljoen, 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 

Corporate Advisor and Joint Broker

Hannam & Partners

Andrew Chubb

Jay Ashfield

Nilesh Patel

+44 (0) 20 7907 8500

Joint Broker

NOVUM Securities Limited

Jon Belliss

+44 (0)20 7399 9400

Financial PR (United Kingdom)

Tavistock

+44 (0) 207 920 3150

Jos Simson

Barney Hayward

 

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014

About AfriTin Mining Limited

Notes to Editors

AfriTin Mining is the first pure tin company listed in London and its vision is to create a portfolio of globally significant, conflict-free, tin-producing assets. The Company's flagship asset is the Uis 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 Tin Mine in Namibia to commercial production in 2020 as Phase 1, ramping up to 5,000 tonnes of concentrate in a Phase 2 expansion. 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
 
 
UPDSDAFEFESSEFD
Date   Source Headline
25th Aug 202111:00 amRNSPrice Monitoring Extension
11th Aug 20213:59 pmRNSHolding(s) in Company
11th Aug 20213:58 pmRNSHolding(s) in Company
30th Jul 20217:00 amRNSNotice of Annual General Meeting
22nd Jul 20217:00 amRNSAudited Financial Results
2nd Jul 20212:05 pmRNSSecond Price Monitoring Extn
2nd Jul 20212:00 pmRNSPrice Monitoring Extension
14th Jun 20217:00 amRNSQuarterly Operation Update
11th Jun 20217:00 amRNSInvestor webcast
25th May 20218:25 amRNSIssue of Shares
25th May 20217:37 amRNSSettlement of long term liabilities
19th May 20213:08 pmRNSHolding(s) in Company
19th May 20213:08 pmRNSHolding(s) in Company
12th May 20217:00 amRNSResults of Placing
11th May 20215:17 pmRNSProposed fundraising to raise approximately £10 m
4th May 20217:00 amRNSUis Phase 1 Expansion – DFS Results
27th Apr 20211:55 pmRNSHolding(s) in Company
22nd Apr 20211:56 pmRNSExercise of Warrants
12th Apr 20217:00 amRNSTantalum & Lithium By-Product Test Work Programme
9th Mar 20219:05 amRNSSecond Price Monitoring Extn
9th Mar 20219:00 amRNSPrice Monitoring Extension
8th Mar 20217:00 amRNSQuarterly Production Update
15th Feb 20218:52 amRNSConversion of AfriMet loan note to ordinary shares
15th Feb 20217:00 amRNSOfftake agreements
1st Feb 20217:00 amRNSInvestor Webinar
25th Jan 20212:05 pmRNSSecond Price Monitoring Extn
25th Jan 20212:00 pmRNSPrice Monitoring Extension
5th Jan 20214:41 pmRNSSecond Price Monitoring Extn
5th Jan 20214:36 pmRNSPrice Monitoring Extension
4th Jan 20213:41 pmRNSDirectors Remuneration/Repricing of Share Options
7th Dec 20207:00 amRNSOperational Update
12th Nov 20204:41 pmRNSSecond Price Monitoring Extn
12th Nov 20204:35 pmRNSPrice Monitoring Extension
12th Nov 20202:06 pmRNSSecond Price Monitoring Extn
12th Nov 20202:00 pmRNSPrice Monitoring Extension
12th Nov 20207:00 amRNSOperational Update
26th Oct 20207:00 amRNSOperational Update
1st Oct 20208:52 amRNSChange of Registered Address
29th Sep 20202:04 pmRNSResult of AGM
29th Sep 20207:00 amRNSHalf-year Report
9th Sep 20207:00 amRNSOperational Update
28th Aug 20207:01 amRNSBoard Change
28th Aug 20207:00 amRNSAudited Financial Results
11th Aug 20204:04 pmRNSHolding(s) in Company
5th Aug 20207:00 amRNSOperational Update
3rd Aug 20201:01 pmRNSEquity Placing and Subscription
16th Jun 20207:00 amRNSOperational Update & Uis Tin Mine Phase 1 Review
28th May 202012:00 pmRNSElectronic Distribution of Shareholder Information
5th May 20207:00 amRNS£2.05 million Unsecured Loan Note Facility
31st Mar 20201:20 pmRNSCOVID-19 Update

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