Mining firm Andrada Mining has secured N$69 million in financing from Bank Windhoek to construct a state-of-the-art Ore Sorter Project at its flagship Uis Tin Mine in the Erongo Region.
The funding agreement, signed in Windhoek by Bank Windhoek Managing Director James Chapman and Andrada Mining Chief Executive Anthony Viljoen, comprises N$49 million in project capital alongside an additional N$20 million working capital facility.
The capital injection will advance the construction of an advanced ore-sorting pre-concentration circuit designed to optimize mineral processing before secondary refining. By removing low-grade waste rock early in the production cycle, the sensor-based sorting technology is projected to boost tin recovery rates, cut energy consumption, and reduce unit operating costs.
An ore sorter is used in mining operations to separate ore from waste rock before further processing. By identifying and removing low-value material early in the production cycle, ore sorting technology can improve recovery rates, reduce energy consumption, enhance downstream processing efficiency and lower operational costs, while supporting more responsible resource utilisation.
Viljoen said the facility marks an important milestone in Andrada’s growth journey. “We are pleased to deepen our relationship with Bank Windhoek through this long-term funding facility, which reflects confidence in Andrada’s business, the Uis Mine and our strategy to expand production in Namibia.”
He said that Andrada Mining values Bank Windhoek’s commitment to the responsible development of Namibia’s mineral resources and looks forward to working with the Bank as the mine delivers its next phase of growth.
Chapman said the financing demonstrates Bank Windhoek’s commitment to supporting sectors that are central to Namibia’s economic resilience and long-term growth.
“Mining remains one of the key pillars of Namibia’s economy, and responsible investment in projects of this nature can strengthen productivity, improve operational efficiency and generate wider socio-economic value. As a proudly Namibian bank, we are pleased to support Andrada Mining in advancing a project that can unlock value, support regional development and contribute meaningfully to the
country’s economic progress.”
The Uis Tin Mine is one of Namibia’s notable mining assets. It plays an important role in supporting economic activity in the Erongo Region. Through this investment, Bank Windhoek continues to back viable projects that promote economic diversification, job creation, local enterprise development and long-term national progress.
From left to right, Andrada Mining Chief Financial Officer Hiten Ooka; Andrada Mining Chief Executive Officer Anthony Viljoen; Bank Windhoek Managing Director James Chapman and Bank Windhoek Executive Officer of Corporate and Institutional Banking Lukas Nanyemba.
