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2 clusters · 2 sources · 14 days · First seen · Last updated

Namibian mining sector expansion and exploration

Overview

Mining operations in Namibia are expanding through new financing and exploration initiatives. Andrada Mining secured N$98 million in loans from the Development Bank of Namibia and Bank Windhoek to expand tin concentrate production at its Uis mine. The project will implement ore-sorting technology to increase annual production to between 2,500 and 3,000 metric tons, though the concentrate is currently slated for smelting in Thailand.

Further developments include Andrada Mining’s plans to bring its Lithium Ridge Project into production by 2028–2029 following a drilling program to define resources. Additionally, African Pioneer Plc is launching a multi-rig drilling campaign at its Ongombo and Ongeama copper projects in partnership with Xinhai Mining Services Limited to update resource data.

Entities

Andrada Mining · Namibia · Xinhai Mining Services Limited · African Pioneer Plc

Timeline

  1. 15 days ago

    [BUSINESS] 2 sources
    Mining companies advance lithium and copper projects in Namibia

    Mining firms in Namibia are accelerating development, with Andrada Mining targeting lithium production by 2028–2029 and African Pioneer planning a major copper drilling campaign.

  2. 29 days ago

    [BUSINESS] 2 sources
    Andrada Mining secures N$98 million for Uis tin mine expansion

    Andrada Mining secured N$98 million from Namibian banks to fund an ore-sorting expansion at its Uis mine, aiming to significantly increase tin concentrate production.

Sources

mining.com.au · share-talk.com