By Business Reporter
AIM-listed tin miner AfriTin Mining has acquired the entire front-end crushing component for the processing circuit of the phase 1 processing plant at the company’s Uis tin mine in Namibia.
The equipment includes a jaw crusher, three cone crushers, stacking and conveying equipment and electrical switchgear.
AfriTin has also appointed Namibia-based engineering firm Crush Plant and Utility Spares to match the equipment to the required specifications and associated installation at the mine site.
Further, the company’s engineering team kicked off work on the ancillary infrastructure for the plant, using high-resolution satellite imagery to identify, design and start construction of the plant site.
“I am pleased to be in a position to provide such a significant and positive operational update for the company, at such an early stage in its development,” said chief executive officer Anthony Viljoen in a note published last Wednesday.
Late last year, Confidente reported that Afritin Mining has set its focus on becoming “the Africa tin champion”, by bringing its flagship Uis tin project to commercial production.
At the time, Viljoen said that the company aims to build an economic pilot plant to achieve commercial production, and thereafter will start incremental up scaling to a larger plant.
“Afritin Mining aims to largely complete a bankable feasibility study for the Uis tin project, to introduce project financing-related debt of about £20 million for the large-scale commercial industrial plant,” said Viljoen.
The Uis tin project was once one of the largest opencast tin mines in the world, before former owner, then South African State-owned metals company Iscor, stopped mining in the 1980s, as a result of the declining tin prices.
The upgrade of the gravity separation-based pilot plant to commercial scale is estimated to take between 9 and 12 months, and will cost about £2 million. The cash flow generated from the operations will be applied to maintain/sustain the operations at a steady state.
Concurrently, Afritin aims to use the basis of a detailed mine works plan, supplied by consulting firm SRK to Iscor in 1985, for the bankable feasibility study.
Viljoen further argued that while Africa used to be the fourth-largest exporter of tin, there have been no industrially developed projects on the continent in modern times.
“However, Afritin Mining aims to bring Africa up to its past production levels of tin, and to become the primary mover of tin concentrate from the African continent or from a portfolio of tin assets,” Viljoen said, while adding that having industrial-scale production will be the company’s competitive advantage in the market.
According to Viljoen, the only other comparable opencast tin mine worldwide is Pitinga in Brazil, which is owned by Peruvian miner Minsur. Current tin projects in Africa include miner Alphamin Resources’ Bisie tin project in the Democratic Republic of Congo and ASX-listed mineral exploration and development company Kasbah Resources’ Achmach tin project in Morocco.
Confidente. Lifting the Lid. Copyright © 2015