Investment Sungate (DG) Investment Sungate (DG)

Uis Expansion Moves From Funding to Execution

Andrada Mining has reached financial close on N$98 million in long-term funding for its Uis Mine ore-sorting expansion, moving the project into execution and targeting a significant increase in tin concentrate production.

SOURCE SIGNAL

Andrada Mining reached financial close on N$98 million in long-term funding for the expansion of its Uis Mine in Namibia on 17 August 2026.

The funding comprises facilities from Bank Windhoek and the Development Bank of Namibia, with all conditions precedent satisfied and definitive agreements executed.

The financing supports the installation of new ore-sorting infrastructure at Uis and moves the expansion from funding arrangements into project execution.

Andrada expects the new circuit to improve processing efficiency and increase tin concentrate production by approximately 50% to 70%, with fabrication of the ore-sorting equipment already underway.

The milestone follows earlier equity and debt funding initiatives and represents the point at which the capital required for the planned expansion became secured and executable.

COUNTRY IMPACT

Uis demonstrates how investment in Namibia’s mining sector is increasingly extending beyond mineral discovery into the expansion and optimisation of existing productive assets.

The project is particularly significant because Namibia’s mineral endowment includes commodities increasingly relevant to international technology, energy and critical-mineral supply chains.

Increasing production from an established Namibian operation strengthens the country’s ability to convert its geological resources into sustained economic activity.

The financing structure also provides an important domestic investment signal. Namibian financial institutions are participating directly in funding the expansion of productive mining infrastructure rather than the project relying entirely on international capital.

As the expansion moves into execution, it creates additional demand across engineering, equipment, construction, logistics, procurement and supporting services while increasing the productive capacity of the existing operation.

RELEVANCE TO SUNGATE

Mining expansion generates economic activity well beyond the mine itself.

Projects such as Uis require the movement of investors, specialists, contractors, equipment and services between operating areas, Windhoek and international markets.

Hosea Kutako International Airport provides a principal gateway for many of these connections, while Namibia’s road and rail networks link mining regions with Windhoek, Walvis Bay and the country’s broader logistics system.

Sungate is positioned adjacent to HKIA at the convergence of air, road and rail, placing the development within the infrastructure network through which Namibia’s expanding mining economy connects with domestic and international markets.

The significance of the Uis expansion for Sungate is therefore part of a wider pattern: as Namibia converts mineral resources into funded and operating projects, demand increases for well-connected commercial, logistics and supporting-service infrastructure.

SOURCE

Andrada Mining Limited / Namibia Securities Exchange. “Financial Close and Execution of the NAD98 Million Strategic Funding for Uis Mine Ore Sorting Expansion.” 17 August 2026.

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Investment Sungate (DG) Investment Sungate (DG)

Rosh Pinah Expansion Doubles Processing Capacity

Rosh Pinah Zinc has commissioned the new SAG mill at its RP2.0 expansion, bringing the integrated processing circuit into operation and doubling processing capacity from approximately 700,000 to 1.4 million tonnes per year.

SOURCE SIGNAL

Rosh Pinah Zinc commissioned the new semi-autogenous grinding (SAG) mill at its RP2.0 expansion on 29 June 2026, marking the commissioning of the final major processing component of the project.

The new mill brings the expanded processing circuit into operation as an integrated system and increases Rosh Pinah’s processing capacity from approximately 700,000 tonnes to 1.4 million tonnes per year.

At commissioning, RP2.0 was more than 95% complete, with Rosh Pinah Zinc reporting that the expansion remained on schedule and on budget.

The milestone follows the commissioning of other major components of RP2.0, including Namibia’s first paste backfill plant, and represents the transition of a substantial mining expansion from construction into operating productive capacity.

COUNTRY IMPACT

RP2.0 represents significant reinvestment into an established Namibian mining operation and materially increases the productive capacity of the Rosh Pinah mine.

Doubling processing throughput strengthens the mine’s ability to increase zinc and lead production while extending the economic contribution of an important operation in southern Namibia.

The expansion also demonstrates a broader investment signal: capital is being deployed not only into new exploration prospects but into physical processing infrastructure that increases Namibia’s existing mineral-production capacity.

Projects of this scale create demand extending beyond the mine itself. Construction, engineering, equipment, transport, energy, water, professional services and ongoing supply requirements all form part of the wider economic activity generated by industrial expansion.

RP2.0 therefore provides tangible evidence of Namibia’s mining sector moving through an active phase of capital investment and productive expansion.

RELEVANCE TO SUNGATE

Large-scale mining investment creates economic activity far beyond the geographical location of an individual mine.

Expanding mining operations require equipment, technical expertise, logistics, business travel, accommodation, professional services, procurement, warehousing and access to national and international transport networks.

Windhoek and Hosea Kutako International Airport form an important gateway through which many of these people, services and commercial relationships connect with Namibia.

For Sungate, the significance of RP2.0 lies in the wider pattern it represents. As Namibia’s mining economy expands and existing operations invest in additional productive capacity, demand grows for the commercial, logistics and supporting-service infrastructure that connects industrial activity with national and international markets.

Sungate’s position at the convergence of air, road and rail, adjacent to Namibia’s principal international airport, places the development within that broader economic network.

SOURCE

Rosh Pinah Zinc. “RPZ Commissions SAG Mill, a Critical Component of RP2.0.” 29 June 2026.

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