Modern Mining August 2022

TIN

Aerial view of the Uis tin mine, Namibia.

AfriTin eyes the big league Tech-metals mining company AfriTin Mining’s majority owned Uis tin mine in Namibia, which is backed by Standard Bank Namibia as financing partner, recently signed a proposed loan term sheet from the Development Bank of Namibia for an estimated £5,5-million to fund the Uis Phase 1 Stage II Continuous Improvement Project. By Nelendhre Moodley .

T he Uis tin mine is a large open pit mine located in the western part of Namibia in the Erongo region which hosts polymetallic commodity streams of tin, tantalum and lithium – just the right clean energy metals needed as the world rides the wave of the fourth Industrial Revolution. “The Uis tin project has inherent within it all the elements to become a world class asset, and back

ing from our financing partnerships with Standard Bank Namibia and the Development Bank of Namibia, paves our growth in the green energy mar ket,” AfriTin’s CEO Anthony Viljoen tells Modern Mining . Armed with a strategy of playing in the new tech and green energy metals spaces, AfriTin, a spin-off from

The Uis orebody is a giant polymetallic deposit of global significance as it contains minerals key to the 21 st century supply chain.

AfriTin’s CEO Anthony Viljoen.

asset to act as a springboard into the energy mar ket, we came across Iscor’s old tin mine which, in its time, was the largest hard rock tin mine in the world. Initially, we planned to use it as a catalyst for regional exploration but after rolling out an intense drilling programme, we discovered a spectacular asset hosting a number of different pits and containing key minerals needed to drive the green economy,” says Viljoen. As part of i ts Phase 1 project , the miner

vanadium producer Bushveld Minerals, identified South Africa’s former parastatal Iscor’s old tin mine in Namibia, which operated between 1958 and 1991, as its launchpad into regional exploration and development. “After scouring the global arena for a suitable

12  MODERN MINING  August 2022