African technology metals mining company Andrada Mining has renewed its offtake agreements with Thailand Smelting and Refining Co (Thaisarco) and AfriMet Resources for tin concentrate and tantalum concentrate, respectively.
The offtake agreement with Thaisarco, for at least 90 t a month of tin produced at Andrada’s Uis mine, in Namibia, has been renewed for three years from December 1.
“Our relationship with Thaisarco has been extremely successful and we are happy to be renewing the offtake agreement for another three years. The agreement secures offtake of our tin production, allowing management to focus on achieving the Orion royalty tonnage.
“Importantly, we are proud of the major milestones we have achieved at Uis mine to date, including the successful expansion of the processing plant and the ongoing continuous improvement programme to enhance efficiencies and profitability,” comments Andrada CEO Anthony Viljoen.
The AfriMet offtake agreement has been renewed for 12 months, starting January 1, 2024. AfriMet will buy all of the tantalum produced at the recently commissioned tantalum circuit at the Uis mine.
“The renewal of the tantalum offtake agreement secures all the company’s tantalum production and, despite the small tantalum concentrate volumes, the additional revenue will incrementally improve profitability.
“Producing tantalum adds the second technology metal to Andrada’s portfolio of products and is a positive step towards participating in the green transition,” Viljoen says.