logo-loader
viewAfriTin Mining Ltd

AfriTin MIning agrees grid power supply for processing plant at Uis

The grid supply will be significantly more cost-effective than the diesel-generators currently on site

power lines
Grid power will be much more cost effective says Afritin

AfriTin Mining Limited (LON:ATM) has signed a deal with Namibia Power over grid electricity for the pilot plant at the Uis tin mine.

The grid supply is significantly more cost-effective than the diesel-generators currently on site, said the AIM-listed junior.

An 800-metre power line and substation will be built for the grid connection to coincide with the anticipated production ramp-up of the processing plant.

"This agreement will provide reliable energy to site, improve the planned cost structure and further support the economic viability of our project," said Anthony Viljoen, chief executive.

The phase 1 processing plant is designed to process around 500,000 tonnes of ore per annum and produce 60 tonnes of tin concentrate per month.

Namibia Power will supply up to 1.5MVA over ten years at standard list prices for transmission customers.

·    

Quick facts: AfriTin Mining Ltd

Price: 1.75 GBX

AIM:ATM
Market: AIM
Market Cap: £11.43 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of AfriTin Mining Ltd named herein, including the promotion by the Company of AfriTin Mining Ltd in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Morning Report: Pan African profits jump 126% to US$21.9mln

Headlines from the Proactive UK newsroom. Pan African’s (LON:PAF) interim profits jumped 126% to US$21.9mln as the gold miner benefited from the rise in the gold price, better production at the Evander miner and the stronger dollar. Afritin (LON:ATM) has made the first shipment of...

on 18/2/20

2 min read