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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: 2.1725 GBX

AIM:ATM
Market: AIM
Market Cap: £17.68 m
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AfriTin Mining CEO says operations are coming along nicely with 35 tonnes...

AfriTin Mining Ltd's (LON:ATM) Anthony Viljoen tells Proactive London's Andrew Scott that monthly tin production at the Uis mine, in Namibia, rose to 35 tonnes in July, up 79% month-on-month. He says they're targeting output of 60 tonnes per month, which would result from the processing of some...

5 days, 22 hours ago

2 min read