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AfriTin Mining restarts full scale production at its Uis Tin mine in Namibia

AfriTin Mining Ltd (LON:ATM) CEO Anthony Viljoen tells Proactive its mining operations at the Uis Tin mine have now returned to full scale following the easing of coronavirus lockdown measures in Namibia.

Viljoen says while the lockdown has resulted in delays to planned throughput increases, optimization work has now been resumed to allow the operation to reach design capacity. What's more, Viljoen says an internal review has identified staged modifications that could potentially increase the NPV to US$122mln, and the IRR to 60%.

Quick facts: AfriTin Mining Ltd

Price: 2.19999 GBX

Market: AIM
Market Cap: £17.9 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, 23 hours ago

2 min read