Modern Mining December 2022
AfriTin Mining’s exploration yields positive results
AIM-listed AfriTin Mining, an African tech nology metals mining company with a portfolio of mining and exploration assets in Namibia, has announced significant min eralisation potential at surface, 35 km from Flagship Uis Mine. The results follow an update on the exploration activities under taken over its mining licence ML133. The explorat ion programme was conducted over a 12-month period com mencing in Q4 2021, and included aerial surveys, regional and high-resolution geo logical mapping, and surface chip sampling. The programme targeted outcropping pegmatites, many of which were found to contain lithium, tin, and tantalum.
Anglo Coal’s BEE partner, Inyosi Coal, has acquired shares in JSE-listed Thungela valued at over a R1-billion in a landmark transact ion that marks a watershed moment for empowerment in the coal sector. The deal enables Inyosi Coal to acquire a 3% stake in Thungela and, more importantly, to transform its previously unlisted interest into a liquid position in a publicly traded entity with no long-term CEO Anthony Viljoen commented: “We are especially excited about these initial exploration results. They confirm our belief that the pegmatites of the ML133 licence could contain significant lithium, tin and tan talum mineralisation. We intend to advance the next stage of our work programme over this area, including exploration drilling and initial metallurgical test work. Proximity of the test area to the Uis Mine, which is Inyosi Coal signs lucrative deal
AfriTin Mining’s latest exploration yields positive results. our operating facility with comparable types of mineralisation, presents potential development synergies. AfriTin’s portfo lio of operating and exploration assets in Namibia underpins our goal of becoming a
major producer of technology metals. We believe the prospectivity of our tenements justify accelerating the exploration and development programmes aimed at realis ing near-term value for our stakeholders.” it acquired 27% of Anglo American Inyosi Coal. “As Inyosi we retained our cohesion as a consortium of four shareholders. This deal catapults us from the periphery of the coal sector into the nucleus of the industry where we areable to unlock value and play a meaningful role in this important indus try,” says Yoli Balfour, chairperson of Inyosi Coal.
restrictions on realising its investment. Inyosi Coal is a broad-based black economic empowered company that was created in partnership with Anglo Coal to warehouse key current and future domestic and export focused coal opera tions. At the time of its formation in 2007,
SEIFSA partners to empower young black woman The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) has partnered with the Italian-South African Chamber of Trade and Industries (ItalCham) and the Imbokodo Trust with the aim of empowering young black woman and assist ing companies to improve their B-BBEE compliance. The three organisations signed a Memorandum of Understanding (MOU) aimed at exchanging information – including reports and market analyses – organising events that provide networking opportuni ties and introducing potential partners to each other.
SEIFSA’s affiliated membership an opportu nity to address the many challenges faced by young black woman in the sector and contribute to a better South Africa.”
SEIFSA CEO Lucio Trentini, said: “We are confident that our exciting partnership with the ItalCham and Imbokodo Trust will afford
SEIFSA partners with ItalCham and the Imbokodo Trust to empower young black woman.
Inyosi Coal acquires shares in Thungela Resources.
December 2022 MODERN MINING 5
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