What is the story about?
What's Happening?
Andrada Mining has successfully completed the construction of a second processing plant, known as a jig plant, at its Uis mine in Namibia. This development was achieved on schedule and within budget, marking a significant milestone for the company. The jig plant is expected to enhance tin production by increasing processing capacity. The modular design of the plant allows for scalable expansion and ensures uninterrupted production at the primary processing facility. The plant is designed to process up to 40,000 tons of ore monthly, with a potential recovery rate of 70%. Initial feedstock will be sourced from nearby pegmatites and existing stockpiles, and Andrada has secured an ore supply agreement with Goantagab Mining.
Why It's Important?
The completion of the jig plant is a strategic move for Andrada Mining, positioning the company to capitalize on the strengthening tin market. By doubling production capacity, Andrada can meet growing demand and potentially increase its market share. This development is crucial for the local economy in Namibia, as it may lead to job creation and increased economic activity. Additionally, the scalable nature of the plant allows for future expansion, which could further boost production and economic benefits.
What's Next?
Commissioning of the jig plant is set to begin in the final week of August. Once operational, the plant will immediately contribute to increased tin output. Andrada Mining will continue to monitor and optimize the plant's operating parameters during the commissioning process. The company may explore further expansion opportunities to maximize production capacity and efficiency.
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