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AfriTin Mining appoints local contractor for civil works at its Uis Tin Mine in Namibia

The AIM-listed tin miner said the contractor is a local, Namibian company specialising in construction and project management

truck is driving through a mine
AfriTin said the construction is targeted for completion during the third quarter of 2018

AfriTin Mining Limited (LON:ATM) has announced the appointment of Ino Invest as civil works contractor for the construction of Phase 1 civil works required at its Uis Tin Mine in Namibia.

The AIM-listed tin miner said the contractor is a local, Namibian company specialising in construction and project management.

READ: AfriTin Mining share placing raises £6mln for accelerated work programme at the Uis Tin Mine

The company said construction is to be executed in accordance with the scope, description, drawings, specifications, delivery dates and terms and conditions provided by its engineers.

AfriTin said the construction is targeted for completion during the third quarter of 2018, and Phase 1 is designed to process 500,000 tonnes per annum.  

Anthony Viljoen, CEO of the company, said:” 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 in the second half of 2018.”

He added: “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,” he concluded.  

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Price: 3.0425 GBX

AIM:ATM
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Market Cap: £19.87 m
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