Andrada secures N$48 million to boost tin production at Uis

The United Kingdom’s Andrada Mining has secured about N$48 million to build an additional tin processing plant at Uis, boosting production capacity and supporting future growth in the Erongo region.

Andrada has obtained the loan from LC Abelheim Limited (LCA) as trustee of The Orange Trust.

The Orange Trust is Andrada’s largest shareholder, with 15.81% of the issued ordinary shares in the company.

Located in the Erongo region, Andrada is a tin producer with a portfolio of critical raw materials, mining and exploration assets in Namibia.

Andrada spokesperson Elizabeth Manasse says the N$48 million would help ensure an additional processing capacity of 100 tonnes per hour at Uis.

“The plant will enable … the potential for immediate, significant increase in tin production and, therefore, enhanced cash flow,” she says.

Andrada chief executive Anthony Viljoen says discussions continue for higher-grade tin ore supply from miners in the Erongo region.

“This strategic investment reflects our confidence in the abundant tin resources of Namibia’s Erongo region, and particularly in the Uis mining licence.

“We anticipate a surge in tin demand over the year, which, when combined with Andrada’s entrenched position in the global tin supply chain, creates a unique competitive advantage for the company.

“The additional plant provides a modular pathway to scale up operations within our existing mining footprint as we evaluate new pits and validate historical resources.

“Importantly, the new plant will operate independently, ensuring there is no disruption to current mining activities or to the ongoing expansion aimed at boosting tantalum and lithium revenues at our primary plant,” he says.

This expansion also enables Andrada to explore and initiate production from other high-grade ore bodies across the Erongo region, Viljoen says.

“Our integrated approach of expanding tin output while advancing the polymetallic potential of our ore body should significantly enhance cash flow and improve profit margins.

“The strong support from our existing shareholder, reflected in this financing, underscores the broad confidence in our growth strategy and reinforces our commitment to sustainable, scalable production and expansion,” he adds.

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