Namibia Mining Review

With gas and oil prices going up buying myself even a small chocolate feels like the end of the world. I'm sure many of us here can relate but South Africa might have a solution for not only our sweet tooth but more importantly solutions to the potential gas cliff.

Discover more through our latest article not only about the tactics being used by South Africa to attempt to win in this grapple with the gas crisis but also about how they might eventually be able to prove themselves one of the most important in innovating a path forward for all of us in terms of the global energy industry as a whole.

South Africa’s Looming Energy Cliff: The Urgent Imperative for a Coordinated Gas Strategy - Namibian Mining News The South African energy landscape is currently grappling with a profound sense of urgency as the nation faces a potential industrial disruption triggered by the impending depletion of natural gas supplies from Mozambique. As coal-fired power stations are decommissioned to meet environmental goals,....

New Agreement To Support Uis Tin Mining Growth 🫱🏻‍🫲🏾

Uis Tin Mining, a subsidiary of Andrada Mining has extended exclusive tin offtake arrangement with a leading global tin smelter – Thailand Smelting & Refining Co. Ltd (Thaisarco).

According to the agreement Thaisarco is granted exclusivity to purchase all tin concentrate produced at UTMC’s operations, at its absolute discretion.

“This agreement is a result of the long-standing partnership we have built with Thaisarco, the strong operating performance we continue to deliver at Uis and the growing demand for tin.

“In the current robust commodity market, this extension provides greater flexibility for UTMC as we scale our operations to capitalise on market demand,” said Anthony Viljoen, Andrada Chief Executive Officer.

Thaisarco’s decision to further strengthen its relationship with Andrada, is an endorsement from a valued partner. Importantly, it underlies the significance of the Uis operation in the global tin market and demonstrates confidence in our team to achieve scale across the asset.”

In addition, Thaisarco is to advance USD3 million to provide flexibility as operations continue to scale up, the advance amount is unsecured, repayable only at the request of UTMC and does not accrue interest. And no interest accrues on the unsecured Advance Amount, and a small marketing discount is applied to future sales as detailed below

Meanwhile the agreement builds on the long-term partnership with Thaisarco.

Read story at: https://namibianminingnews.com/new-agreement-to-support-uis-tin-mining-growth/

New agreement to support Uis Tin Mining growth - Namibian Mining News Uis Tin Mining, a subsidiary of Andrada Mining has extended exclusive tin offtake arrangement with a leading global tin smelter – Thailand Smelting & Refining Co. Ltd (Thaisarco). According to the agreement Thaisarco is granted exclusivity to purchase all tin concentrate produced at UTMC’s opera...

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