https://www.miningweekly.com

AfriTin secures financing for Namibia tin expansion

Uis tin mine, in Namibia

Uis tin mine, in Namibia

21st September 2021

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

Aim-listed AfriTin Mining has entered into a £4.5-million five-year loan agreement with Standard Bank Namibia, to fund the Phase 1 expansion of its processing plant at the Uis tin mine.

The expansion is planned to increase tin concentrate production by 67% from 720 t/y to 1 200 t/y.

The company aims to complete the expansion by the second quarter of next year.

AfriTin says the agreement with Standard Bank Namibia not only secures a financing partner for the Phase 1 processing plant, but also longer-term Phase 2 development plans. 

The financing, together with a £13-million equity raise that the company recently undertook, positions AfriTin well for increasing tin production and unlocking lithium and tantalum-related opportunities.

Moreover, the intention is that Standard Bank will take over AfriTin’s existing short-term banking facilities with Nedbank Namibia totalling £2.2-million.

The companies have also discussed Standard Bank providing AfriTin with a £245 500 guarantee to Namibia Power Corporation – as a deposit for the supply of electrical power to the mine.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Environmental Impact Management Services
Environmental Impact Management Services

EIMS is an independent specialised environmental consulting firm offering the full spectrum of environmental management services across all sectors...

VISIT SHOWROOM 
Iritron
Iritron

Iritron delivers advanced automation, control, and optimisation solutions to the Mining, Minerals & Metals, Consumer Package Goods and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by



A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.
Magazine round up | 12 June 2026
12th June 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.05 0.074s - 134pq - 2rq
Subscribe Now