AfriTin Mining Limited (AIM: ATM) is the first pure tin company listed in London and its vision is to create a portfolio of globally significant, conflict-free, tin-producing assets. The Company’s flagship asset is the Uis Tin Mine in Namibia, formerly the world’s largest hard-rock opencast tin mine.
AfriTin is managed by an experienced board of directors and management team with a current two-fold strategy: fast-track Uis Tin Mine in Namibia to commercial production as Phase 1, ramping up to 5,000 tonnes of concentrate per annum in a Phase 2 expansion. To this end AfriTin achieved ‘nameplate’ tin concentrate production of 63.9 tonnes at its the Uis Tin Mine, at the end of 2020.
The Company strives to capitalise on the solid supply/demand fundamentals of tin by developing a critical mass of tin resource inventory, achieving production in the near term and further scaling production by consolidating tin assets in Africa.
AfriTin Mining Limited (AIM: ATM), an African tin mining company with its flagship asset, the Uis Tin Mine (“Uis”) in …
AfriTin Mining Limited (AIM: ATM), an African tin mining company with its flagship asset, the Uis Tin Mine (“Uis”) in …
Major milestone achieved: Nameplate tin concentrate production at Uis AfriTin Mining Limited (AIM: ATM), an African tin mining company with …
| P&L | 29 Feb 2020 £~000 | 28 Feb 2019 £~000 |
|---|---|---|
| Revenue | 69 | 27 |
| Admin expenses | (1,815) | (1,098) |
| Operating Profit/ (Loss) | (1,794) | (1,071) |
| Profit/ (Loss) for the year | (1,830) | (1,058) |
| Balance Sheet | 29 Feb 2020 £~000 | 28 Feb 2019 £~000 |
|---|---|---|
| Non-current assets | 19,909 | 12,797 |
| Cash & cash equivalents | 575 | 1,781 |
| Total equity & liabilities | 21,379 | 15,079 |
Directors
Other
Mining Journal: Tin to muscle in on EV revolution (December 2020)
“The tin industry is bracing itself for an uplift in demand driven by the rise of EVs and other high-tech applications….Annual demand growth for tin currently sits at 2%. The International Tin Association (ITA) sees that figure rising to 4% in 2024.”
Miningweekly.com: “Uis mine reaches nameplate concentrate production in November” (Dec 2020)
“Aim-listed tin miner AfriTin Mining successfully completed Stage 1 of the Phase 1 production ramp-up of its pilot mining and processing facility, achieving 63.9 t of tin concentrate (containing 41.6 t of tin metal) in November – a 32% improvement on the previous month.
Turner Pope (December 2020: House Broker)
“Having seen spot Tin prices sustain the dramatic recovery that began in May 2020 now taking them close to 17-month highs in anticipation of governments around the world embarking on significant infrastructural and other development programmes to support their post-Pandemic economies, AfriTin has potential to deliver positive monthly operational cash flow for the first time during calendar H1 2021. ”
