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Andrada contributes N$690m to Namibia’s economy in 2023

by Editor
October 31, 2023
in Africa, Lithium, Namibia, News
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Andrada contributes N$690m to Namibia’s economy in 2023
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Andrada Mining says it has contributed about N$690m to the Namibian economy through procurement, royalties and taxes in 2023.

Of the N$690m, Andrada says N$45m was spent on royalties and taxes.

The company is developing the Uis Tin Project, the Nai-Nais Lithium Ridge for tantalum, the Spodumene Hill for lithium and tantalum, and Brandberg West for tungsten and copper – all in the Erongo Region of Namibia.

According to the Andrada Mining Sustainability Report for 2023, the company’s procurement outlay was N$203m spent on 225 local suppliers.

One hundred and seven of the companies were from the Erongo region.

Ninety-nine per cent of the Uis Mine workforce comprises Namibian nationals, with 28% female, while 38% women are in management.

The company also says they trained 1 145 individuals in health and safety protocols, which further enhanced Uis Mine’s safety culture.

Andrada has collaborated with a non-profit organisation to implement feeding schemes for vulnerable children and elderly at the Tatamutsi informal settlement in Uis.

Additionally, Andrada has refurbished roads and donated sports equipment and gardening implements to local schools.

Andrada CEO Anthony Viljoen says sustainability is the company’s bedrock and is intricately woven into its business model.

“Since inception, we have contributed significantly to the national economy through job creation and procurement. As the focus turns to climate-smart economies globally, there is increased focus on the natural environment.

“We focus on managing all resources, including biodiversity and water, while producing minerals key to the green energy transition. We are committed to creating long-lasting value for all our stakeholders.”
Andrada Mining says it has contributed about N$690m to the Namibian economy through procurement, royalties and taxes in 2023.

Of the N$690m, Andrada says N$45m was spent on royalties and taxes.

The company is developing the Uis Tin Project, the Nai-Nais Lithium Ridge for tantalum, the Spodumene Hill for lithium and tantalum, and Brandberg West for tungsten and copper – all in the Erongo Region of Namibia.

According to the Andrada Mining Sustainability Report for 2023, the company’s procurement outlay was N$203m spent on 225 local suppliers.

One hundred and seven of the companies were from the Erongo region.

Ninety-nine per cent of the Uis Mine workforce comprises Namibian nationals, with 28% female, while 38% women are in management.

The company also says they trained 1 145 individuals in health and safety protocols, which further enhanced Uis Mine’s safety culture.

Andrada has collaborated with a non-profit organisation to implement feeding schemes for vulnerable children and elderly at the Tatamutsi informal settlement in Uis.

Additionally, Andrada has refurbished roads and donated sports equipment and gardening implements to local schools.

Andrada CEO Anthony Viljoen says sustainability is the company’s bedrock and is intricately woven into its business model.

“Since inception, we have contributed significantly to the national economy through job creation and procurement. As the focus turns to climate-smart economies globally, there is increased focus on the natural environment.

“We focus on managing all resources, including biodiversity and water, while producing minerals key to the green energy transition. We are committed to creating long-lasting value for all our stakeholders.”

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