Africa-Press – Namibia. YESTERDAY, owners of the tin mine at Uis, AfriTin Mining, became the eighth company to be listed on the Namibian Stock Exchange’s (NSX) development board.
Also listed in London, the company said its vision is to create a portfolio of globally significant, conflict-free producing assets. The company’s flagship asset is the tin mine at Uis, which is formerly the world’s largest hard-rock open-cast tin mine.
“This is an important milestone for the company, which cements our commitment to developing Namibia and its capital markets further,” said AfriTin CEO Anthony Viljoen yesterday.
He added that AfriTin has an experienced management team and board. “We are confident that Uis will generate significant value for shareholders, and we look forward to providing the market with updates as work progresses,” said Viljoen.
The listing was sponsored by local asset management company IJG. The Uis tin mine produces approximately 720 tonnes of tin concentrate per annum, and the company recently reported it had discovered traces of lithium at the site.
AfriTin said that the dual listing will allow Southern African Development Community members the opportunity to participate in the development at Uis and elsewhere. The listing of AfriTin will have the NSX hosting over 42 companies on all its boards.
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