Mining (242)

Vedanta Resources, a global metals company, has announced plans to invest N$6.5 billion in the conversion and expansion of its Namibian refinery.

The Chamber of Mines of Namibia is upbeat about the local mining sector’s growth prospects, highlighting the expected growth in output from the diamonds and uranium sectors.

Andrada Mining, formerly known as AfriTin Mining, says it spent N$143 million on procuring goods and services from 250 Namibian suppliers. 

The listed miner revealed in its recent sustainability report that its total procurement spending for the reporting period was in excess of N$294 million of which N$143 million or 49% was spent across more than 250 Namibian businesses.  

The report further details that as the business grows and develops, the company fully intend to bring Namibian suppliers on board. 

In addition, the 2022 sustainability report shows that in the same period the company reported a reduction in combined Scope 1 and 2 greenhouse gas emissions from its Uis tin mine.

 According to the company's recently released Sustainability Report for the 2022 financial year, the mine produced 8,208 metric tonnes of carbon dioxide equivalent emissions, which is 8.2% less than the Equator Principles Yearly Threshold. 

In addition to the reduction in emissions, the company reported a water-use intensity of 0.33 cubic meters per tonne of ore processed, using non-potable groundwater and surface water sources. 

During the period under review, the company said the Uis mine employed 315 people as of 26 January, with 128 being permanent staff. The report also highlighted that 75% of senior managers at the mine are women. 

Despite the positive results, the company did record two Level 3 environmental incidents, which occurred beyond the border of the mine site. There were also 39 Level 2 and 34 Level 1 environmental incidents, which had minimal to material impacts but were of short duration.

 In terms of energy consumption, the mine consumed a total of 58,733 gigajoules from March 2021 to February 2022, with an efficiency of 0.13 gigajoules per tonne of ore processed, with a commitment to investing in renewable and lower-carbon energy solutions. 

"The company remains committed to improving its environment, social and governance credentials, as it has done over the 2021 to 2022 financial years," said Andrada Mining CEO Anthony Viljoen. 

Andrada Mining is an African technology metals mining company with a portfolio of mining and exploration assets in Namibia.

Trigon Metals plans to restart operations at its Kombat Mine in Q2, a year after having suspended operations to optimise its newly increased working capital by reconfiguring the mine plan to focus on higher grade and more consistent orebodies drilled in the Kavango pit and Kombat trend mineralisation.

Andrada, previously AfriTin,  Mining says its findings from details of a new tin resource for 11 historically mined pegmatite orebodies located close to the actively mined V1/V2 pegmatite at the Uis Mine in Namibia, shows that it now has one of the largest tin assets globally.

Golden Deeps (GED), a mining company focused on the exploration and development of vanadium, lead, and zinc projects, has announced a significant breakthrough at its Abenab project in Namibia.

Technology metals mining company AfriTin Mining has officially changed its name to Andrada Mining, according to a statement from the Registrar of Companies in Guernsey, where the company is registered.

 Dundee Precious Metals has announced that its Tsumeb smelter in Namibia has missed its annual processing target for 2022.

The Ministry of Mines and Energy's Petroleum Commissioner, Maggy Shino, is set to lead discussions on investment opportunities in Namibia's energy sector at the Invest in African Energy Reception later this month in London. 

AfriTin Mining shareholders approved a resolution on Thursday to change the company's name to Andrada Mining Ltd.