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AfriTin Mining secures £3.8mln loan facility for Namibia mine

AfriTin Mining Ltd (LON:ATM) chief executive Anthony Viljoen sat down with Proactive's Andrew Scott at Mines & Money London 2019 to explain how it will use a £3.8mln convertible loan from tin trader AfriMet Resources and major shareholder The Orange Trust.

The miner, which operates tin assets in Namibia, will use the funds primarily to ramp up production at the Uis mine, expected to rise to 60 tonnes per month in 2020. 
 

Quick facts: AfriTin Mining Ltd

Price: 2.15 GBX

AIM:ATM
Market: AIM
Market Cap: £17.49 m
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AfriTin Mining is in a 'very comfortable position' generating £1m revenue...

AfriTin Mining Ltd's (LON:ATM) Anthony Viljoen talks Proactive London through their latest six month report for the period to June 2020. Viljoen highlights the revenue generated - just over £1m during the six month period. He goes on to explain ramping up of production at its Uis mine in...

3 weeks, 4 days ago

2 min read