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IN BRIEF: Andrada Mining says new plant to boost Uis output

ALN

Andrada Mining Ltd - tin and tantalum producer in Namibia - Completes construction of jig plant on time and within budget at its Uis mine. It expects tin output ‘to significantly increase through additional processing capacity’ the plant brings. ‘The completion of the jig plant on time and within budget is a smart, low-cost upgrade that will immediately boost Uis tin production on the completion of commissioning. The plant is a key milestone towards doubling production and positions Andrada well to capture the benefits of a robust and strengthening tin market,’ Chief Executive Officer Anthony Viljoen says.

Current stock price: 3.10 pence, up 6.9% on Thursday in London.

12-month change: down 11%

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