Renovación de acuerdos de compra
15 November 2023
La Compañía considera que la información contenida en este anuncio constituye información privilegiada según lo estipulado en las Regulaciones de Abuso de Mercado (UE) No. 596/2014 (MAR) vigentes en el Reino Unido de conformidad con la Ley de (Retiro) de la Unión Europea 2018 A partir de la publicación de este anuncio a través del Servicio de Información Regulatoria (RIS), esta información privilegiada será de dominio público.
Minería Andrada Limitada
("Andrada" o la "Empresa")
Renewal of the THAISARCO and AFRIMET off-take agreements
Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), an African technology metals mining company with a portfolio of production and exploration assets in Namibia, is pleased to confirm the renewal of off-take agreements with the Thailand Smelting and Refining Co. Limited ("Thaisarco") and AfriMet Resources AG ("AfriMet") for tin concentrate and tantalum concentrate, respectively.
Destacados
§ Renewal of the Thaisarco off-take agreement for a further three years commencing 1 December 2023 for a minimum supply of 90 metric tonnes ("mt") per month and up to 100% of the expanded production.
§ Renewal of the AfriMet off-take agreement for plant production period of 12 months commencing 1 January 2024 with an option to receive advance payment.
Anthony Viljoen, Director Ejecutivo, comentó:
"Our relationship with Thaisarco has been extremely successful and we are happy to be renewing the off-take agreement for another three years. The agreement secures off-take of our tin production, allowing management to focus on achieving the Orion royalty tonnage. Importantly, we are proud of the major milestones we have achieved at Uis Mine to date, including the successful expansion of the processing plant and the on-going continuous improvement programme to enhance efficiencies and profitability.
"The renewal of the tantalum off-take agreement secures all the Company's tantalum production and, despite the small tantalum concentrate volumes, the additional revenue will incrementally improve profitability. Producing tantalum adds the second technology-metal to Andrada's portfolio of products and is a positive step towards participating in the green transition."
Andrew Davies, Managing Director of Thaisarco commented:
"We are pleased to have renewed the offtake agreement with Andrada, following a mutually beneficial initial contract. As a major smelter, we are well - positioned to absorb Andrada's planned increase in production. Our partnership with Anthony and his team has been extremely successful, and we look forward to continuing to support the Company's growth story."
Hadley Natus, Chief Executive Officer of AfriMet commented:
"The renewal of the tantalum o?take agreement with Andrada is a positive step in strengthening our relationship. While the initial contract was not activated, we remain confident in our partnership and look forward to working with Andrada to supply the specialist tantalum market."
TIN concentrate OFF-TAKE AGREEMENT: thaisarco
Thaisarco was established in 1963 and is recognised globally as an industry leader in the manufacture of tin, tin alloys, and tin-related products. The renewed contract with Thaisarco is for three years from 1 December 2023 to 30 November 2026. Thaisarco has the capacity to absorb the planned increase of tin production in line with the Orion royalty agreement. (See announcement dated 15 August 2023).
The Company will supply up to 100% of its production with a minimum of 90mt per month, with prices linked to the London Metal Exchange pricing (after deducting treatment and impurity charges).
Tantalum concentrate off-take AGREEMENT: aFRImet
AfriMet is a strategic African commodity trading company and 100 percent- owned subsidiary of the Zug (Switzerland) based ferrous and non-ferrous commodity merchant, VanoMet AG. AfriMet is a leader in the trading of tin, tantalum, and tungsten. The o?take agreement is for a period of 12 months, commencing 1 January 2024, and will absorb all the production from the recently commissioned tantalum circuit at Uis Mine. .The pricing will be linked to Argus Metals and Asian Metals tantalum prices. Andrada also has the right to elect to receive an advance payment, to the value of 50% of the cargo, 30 days prior to the expected delivery date.
Andrada's operations are being continually improved and optimised to ensure the efficient production of both tin and tantalum to meet the off-take agreements.
CONTACTO | |
Minería Andrada Limitada Anthony Viljoen, director ejecutivo Sakhile Ndlovu, Relaciones con inversores | +27 (11) 268 6555
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Asesor Nominado | |
WH Irlanda limitada katy mitchell | +44 0 207 220 1666 |
Asesor Corporativo y Conjunto Broker | |
H&P Advisory Limited andres chub jay ashfield Matt Hasson | +44 0 20 7907 8500 |
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Stifel Nicolaus Europa limitada Campo de clanes de Ashton Calum Stewart Varun Talwar | +44 0 20 7710 7600 |
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Tavistock Financial PR (Reino Unido) José Simson catalina drummond adam baynes | +44 0 207 920 3150 |
Acerca de Andrada Mining Limited
Andrada Mining Limited, es una empresa minera de metales tecnológicos que cotiza en Londres y tiene la visión de crear una cartera de activos de producción y exploración de importancia mundial y libres de conflictos. El activo emblemático de la Compañía es la mina Uis en Namibia, anteriormente la mina de estaño a cielo abierto de roca dura más grande del mundo.
Una perforación de exploración programa cultural, social y deportivo. Actualmente se está llevando a cabo en Uis con el objetivo de ampliar el recurso de estaño a las catorce pegmatitas adicionales históricamente extraídas, todas las cuales se encuentran dentro de un radio de 5 km de la planta de procesamiento actual. La Compañía ha fijado un objetivo de recursos minerales de 200 Mt a delinear dentro de los próximos 5 años. La mina existente, junto con su importante potencial de recursos minerales, permite a la Compañía considerar economías de escala.
Andrada is managed by a board of directors with considerable industry knowledge and a management team with extensive commercial and technical skills. Furthermore, the Company is committed to the sustainable development of its operations as demonstrated by the way the leadership team places emphasis on creating value for the wider community, investors, and other key stakeholders. Andrada has established an environmental, social and governance (ESG) system that has been implemented at all levels of the Company and aligns with international standards.
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