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AfriTin secures Standard Bank loan

AIM-listed AfriTin has secured a £4.5 million loan from Standard Bank to fund the expansion of its phase one pilot processing plant at the Uis tin mine in Namibia.

Tom Hoskyns
AfriTin Mining's Uis tin mine in Namibia

AfriTin Mining's Uis tin mine in Namibia

The five-year senior secured credit facility, which carries a rate of 3-month JIBAR - currently 3.67% - plus 4.5%, giving a rate of 8.17%, will allow the junior tin miner to increase production of tin...

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