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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
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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
18th Feb 20207:00 amRNSUis Tin Mine Operational Update
19th Dec 20193:18 pmRNSHolding(s) in Company
18th Dec 201910:52 amRNSHolding(s) in Company
10th Dec 20194:38 pmRNSIssue of Shares
29th Nov 201912:31 pmRNSInterim Results
28th Nov 20194:02 pmRNSHolding(s) in Company
26th Nov 20197:00 amRNSConvertible loan notes of £3.8m & Update at Uis
18th Oct 20193:19 pmRNSGrant of Options
16th Sep 20197:00 amRNSMaiden JORC resource at Uis
19th Aug 20197:00 amRNSFirst Production of Tin Concentrate
16th Aug 20197:00 amRNSWorking Capital Facility
9th Aug 20194:32 pmRNSHolding(s) in Company
1st Aug 201911:25 amRNSResult of AGM
31st Jul 20197:00 amRNSUis Tin Mine Operational Update
9th Jul 20197:00 amRNS2019 Annual Report and Notice of AGM
2nd Jul 20197:00 amRNSAudited Financial Results
26th Jun 20197:00 amRNSUis Exploration Drilling Update
10th Jun 20197:00 amRNSUis Exploration Drilling Update
28th May 20197:00 amRNSUis Tin Mine Operational Update
22nd May 20198:00 amRNSFinancing and Debt Facility
20th May 20197:00 amRNSUis Exploration Drilling Update
8th May 20197:00 amRNSUis Tin Mine Power Supply Agreement
30th Apr 20196:29 pmRNSElectronic Distribution of Shareholder Information
4th Feb 20197:00 amRNSDiscovery of lithium occurrences at licence ML133
1st Feb 20197:00 amRNSUis Tin Mine Operational Update
17th Dec 20186:08 pmRNSHolding(s) in Company
10th Dec 20187:00 amRNSDirector/PDMR Shareholding
6th Dec 20187:00 amRNSFirst Blast at Uis Tin Mine and Site Visit
30th Nov 20182:29 pmRNSHolding(s) in Company
19th Nov 20184:18 pmRNSHolding(s) in Company
6th Nov 20187:00 amRNSCommencement of Resource Drilling
25th Oct 20187:00 amRNSOperational Update
24th Oct 20187:00 amRNSInterim Results
2nd Oct 20187:00 amRNSAcquisition of Tantalum Investment Pty Limited
17th Aug 20181:47 pmRNSIssue of Shares
15th Aug 20183:18 pmRNSResult of AGM
7th Aug 20187:00 amRNSUis Tin Mine Update - Proximal Pegmatites Mapped
19th Jul 20185:00 pmRNS2018 Annual Report
13th Jul 20187:00 amRNS2017 Audited Financial Results
25th Jun 20187:00 amRNSResults of Dense Medium Separation Test Work
21st Jun 20184:14 pmRNSHolding(s) in Company
21st Jun 20184:13 pmRNSHolding(s) in Company
21st Jun 201811:32 amRNSHolding(s) in Company
20th Jun 20185:20 pmRNSHolding(s) in Company
19th Jun 20185:47 pmRNSHolding(s) in Company
18th Jun 20182:57 pmRNSHolding(s) in Company
14th Jun 201811:10 amRNSResult of General Meeting
4th Jun 20187:00 amRNSCommencement of plant civil construction works
23rd May 20181:00 pmRNSResult of Placing and Subscription & Notice of GM
23rd May 20187:01 amRNSProposed Placing and Subscription

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