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Namibia require expanding investments in the non-mining sector

The past two years have put into sharp focus the need to build economies that are resilient to shocks such as those brought about by global pandemics. Part of building resilient economies is ensuring that they are well diversified not only in terms of sources of growth but also in …

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Andrada set to increase its tin production and determine lithium mineralisation at its Uis mine

UK-based Andrada Mining has garnered $25m (£20.11m) from Orion Resource Partners’ Orion Mine Finance (OMF) to support its Uis mine in Namibia. The $25m includes a $12.5m funding package in unsecured tin royalties, $2.5m to acquire 30.5 million shares and a $10m unsecured convertible loan. Additionally, Andrada will issue OMF III …

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Copper Price Rising amidst China Lockdown

On 4 April 2022, the copper price rose despite lingering demand concerns in top consumer China. Copper for delivery in May rose 2.3% from 1 April 2022’s settlement price, touching $4.790 per pound ($10,538 per tonne). Trading was sluggish as Chinese financial markets were closed for a public holiday, but …

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