Andrada Mining Limited NPV (ATM)

Sector:

Mining

Index:

FTSE AIM All-Share

4.20p
   
  • Change Today:
    -0.100p
  • 52 Week High: 8.60
  • 52 Week Low: 3.95
  • Currency: UK Pounds
  • Shares Issued: 1,580.25m
  • Volume: 1,958,624
  • Market Cap: £66.37m
  • RiskGrade: 393

AfriTin Mining reaches power supply agreement for Uis Mine

By Josh White

Date: Wednesday 08 May 2019

LONDON (ShareCast) - (Sharecast News) - Namibia and South Africa-focussed mining company AfriTin Mining announced the conclusion of an electrical power supply agreement for its mining and processing facility at the Uis Mine on Wednesday, as part of the first phase pilot plant project.
The AIM-traded firm said it had concluded a formal supply agreement for electrical grid power with state-owned utility, Namibia Power Corporation (Nampower).

It said the agreement would provide for the full on-site power requirements for the first phase mining and processing facility, and would be "significantly" more cost effective than diesel generated power.

The salient terms of the agreement included a supply voltage of 66kV, supply capacity of 1.5MVA, an agreement period of 10 years, and pricing according to Nampower's schedule of standard prices for transmission customers.

Diesel generators were now in place at site to provide power to the processing plant during the commissioning phase, the company explained.

However, once grid power had been connected, the diesel generators would serve as backup power.

The electrical power would be provided from the existing high-voltage supply line that currently terminated around one kilometre from the plant processing site.

It was projected that the construction of an 800-metre power line and substation required for the grid power connection would be undertaken, and was aimed to coincide with the anticipated production ramp-up of the processing plant.

"The conclusion of the power supply agreement is an important step in the progression of the Uis tin mine," said AfriTin chief executive officer Anthony Viljoen.

"This agreement will provide reliable energy to site, improve the planned cost structure and further support the economic viability of our project."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ATM Market Data

Currency UK Pounds
Share Price 4.20p
Change Today -0.100p
% Change -2.33 %
52 Week High 8.60
52 Week Low 3.95
Volume 1,958,624
Shares Issued 1,580.25m
Market Cap £66.37m
RiskGrade 393

ATM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
33.33% below the market average33.33% below the market average33.33% below the market average33.33% below the market average33.33% below the market average
88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average
Price Trend
39.54% below the market average39.54% below the market average39.54% below the market average39.54% below the market average39.54% below the market average
36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average
Income Not Available
Growth
13.11% above the market average13.11% above the market average13.11% above the market average13.11% above the market average13.11% above the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ATM Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 38,265 @ 4.20p
16:35 8,265 @ 4.20p
16:35 30,000 @ 4.20p
15:30 1,000,000 @ 4.30p
16:26 50,000 @ 4.20p

ATM Key Personnel

CEO Anthony Viljoen
CFO Hiten Mohanlal Ooka

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