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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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Positive oil, gas prospects on the radar

Namibia has emerged as a highly attractive E&P play, with a series of investors and project developers turning their attention to the high potential market. During the Invest in African Energy Forum in Paris, taking place ahead of the much-anticipated African Energy Week (AEW) conference and exhibition, scheduled for October …

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