The CIVL Plenary has awarded the 25th FAI World Hang Gliding Class 1 Championship to Andradas It is scheduled to take place from September 5 to 18 The event will be organized by Henrique Frasson and Alvaro Figueiredo Sandoli (Nenê Rotor) with support from the Confederação Brasileira de Voo Livre (Brazilian Confederation of Free Flight) the Comitê Aerodesportivo do Brasil (Aerosports Committee of Brazil) and the Prefeitura de Andradas (Municipal Administration of Andradas) A test event is planned from August 23 to September 5 Andradas is a municipality in the state of Minas Gerais Situated in the southern region of the state it boasts mountainous landscapes that attract tourists with activities such as waterfall hikes home to the Pico do Gavião Club and its takeoff sites forms part of the rim of an ancient volcano a well-known tourist destination featuring thermal water resorts The mountain range is crossed by the "Path of Faith," a famous pilgrimage route Pico do Gavião is recognized as one of the best-equipped free-flight clubs in both Brazil and worldwide The site offers panoramic views of the Serra da Mantiqueira along with breathtaking scenery surrounding Andradas The launch area features grass and wooden takeoff ramps making it suitable for departures in almost all wind directions Pico do Gavião provides multiple takeoff options with areas featuring natural grass and wooden platforms The only unsuitable wind direction for takeoff is east The launch ramps undergo frequent inspections to ensure safety and reliability Event website https://civlcomps.org/event/hg1-worlds-2027 FAI - Fédération Aéronautique Internationale Design by Penceo - LAB The 6th FAI Pan-American Paragliding Championships and the Test event of the 19th FAI Worlds have launched in Andradas The event will be held from Sep 15 to Sep 22 It is organized by Vetor Esportes with the support of CAB Comissão de Aerodesporto Brasileira 125 pilots from 17 nations came to compete at the event - the most numerous being Brazil and Argentina The Meet director of the event is Vinicius Santos Matuk Ferreira -  he was also the meet director of Pan American 2022 The scorer is Zenilson Rocha Ferreira FAI Jury present at the event consists of Bill Hughes The opening ceremony was held on September 15, 2024. Watch the video here. Official Website: https://civlcomps.org/event/pg-panam-2024 Find below some photos from the event Airboysteam https://www.instagram.com/airboysteam/ Brazilian pilots have triumphed at the sixth FAI Pan-American Paragliding championships which were held 15-22 September in Andradas Brazil’s Rafael Barros won the overall competition with Argentina’s Hernán Pitocco coming second and Ronnie Koerich (BRA) taking third There were five valid tasks of about 80km each (407km in total) flown at the competition The first task was cancelled due to weather The main rivalry throughout the event was between Ronnie and Rafael In the women’s competition the top finishers were Marcella Uchoa (BRA) which theoretically is not enough to make a valid women’s championship – usually eight are required CIVL over-ruled this requirement and medals and titles were awarded Marcella claimed first place in three out of five tasks but Daria’s victory in the final task secured her the second spot among the women Brazil dominated from the start and never relinquished the lead Argentina and the USA vied for the remaining podium spots Argentina’s advantage became insurmountable In total 125 pilots from 17 countries competed at the 6th FAI Pan-American Paragliding Championships The event also acted as the test event for the 19th FAI World Paragliding Championships which are planned to be held next year in Andradas so there were participants from all over the world Pico Do Gavião is a well-known site in Brazil and is popular with weekend pilots thanks to its proximity to São Paulo Andradas has good infrastructure and the launches on top of the mountain accommodate a wide wind window But it’s the largest peak in the immediate area so pilots need to be prepared to deploy those flatland flying skills to make distance.RESULTS Overall
 Women Nations All results By JOANNE HART Tins of Heinz Beans first went on sale at Fortnum & Mason in 1886 But the history of tin dates back 3,500 years when Turkish farmers discovered that if they blended the metal with copper more resilient compound than anyone had ever known Tin's status as a critical metal lasted for millennia – used in coins ships and industry as well as food preservation tin is a critical component of all things electronic including data centres – the backbone of the internet Soaring interest in artificial intelligence has fuelled demand for these facilities and recent forecasts suggest numbers could soar by 50 per cent or more over the next three years Some of the more extravagant predictions were thrown into doubt last week following news that the Chinese had developed DeepSeek a cheap and cheerful version of America's ChatGPT US tech stocks floundered and questions were raised about the future of AI and any industry related to it Critical: Tin plays a vital role in many electronic products including data centres and servers But price competition is a natural by-product of any market lower costs may well provoke increased use of AI and even sceptics acknowledge that data centres will be needed in abundance as supply is constrained across the world and investment has been limited for decades which remains largely in force today and new mines elsewhere are thin on the ground Africa-based Andrada Mining is an exception. The only listed tin producer on the London stock market, Andrada floated in 2017 and now has a fully functioning mine in Namibia, a country known for its political stability and mining expertise.  Andrada delivered 885 tons of tin in the year to February 2024, production of around 1,000 tons is expected this year, and chief executive Anthony Viljoen intends to ramp up output to 1,600 tons in 2026. Viljoen has mining in his blood. His father Richard and uncle Morris were renowned geologists with a host of mining discoveries to their name. The twins helped set up Andrada and secure mining licences to a vast 75 square-mile plot, the size of Manchester and Brighton combined. Once owned by the South African state, the area had been dormant for around 30 years but the Viljoens recognised its potential and brought it back to life. Today, the site, known as Uis, is home to one of the largest hard rock open pit mines in the world, with sufficient tin resources to last into the 22nd century. Tin is not just a must-have for data centres.  The metal plays a vital role in many day-to-day products, from mobile phones and TVs to washing machines and fridge-freezers. Also deployed in solar panels and electric vehicles, tin is a flag-bearer for the green revolution and widely used in traditional industries too. Geopolitical tensions have accentuated concerns about future supplies. China is the largest producer of tin in the world but America and Europe are keen to source the metal from elsewhere and Andrada should benefit. Uis does not just contain thousands of tons of tin but two other valuable metals as well: tantalum and lithium.  All smartphones contain around 0.1g of tantalum and with prices topping $100,000 (£80,000) per ton, even small quantities can make a big difference to Andrada's bottom line. Lithium was almost a by-product of the mine but Viljoen is keen to start commercial sales and hopes to take production up to at least 50,000 tons annually within the next two to three years. Andrada has made healthy progress since floating on Aim in 2017 but the stock has had a rough ride, slumping from 7.4p to 2.25p in the past 18 months alone after some production challenges.  suggesting that Andrada shares are fundamentally undervalued at current levels and should rebound this year and beyond Tin prices soared to almost $50,000 (£40,000) a ton in 2022 but tumbled to below $20,000 (£16,000) as economic conditions shifted There has been some recovery since those lows with prices hovering just below $30,000 (£24,000) a ton but many forecasters believe tin is ready to soar again Lithium Ridge has secured funding from Chilean lithium giant which has agreed to finance the site's development with tens of millions of dollars in exchange for a stake in the mine Midas verdict: Viljoen has been investing heavily in Andrada's acreage and his work should bear fruit this year and beyond Traded on: Aim Ticker: ATM Contact: andradamining.com Affiliate links: If you take out a product This is Money may earn a commission These deals are chosen by our editorial team This does not affect our editorial independence The comments below have not been moderated We are no longer accepting comments on this article MORE HEADLINES Work out how a lump sum or regular monthly savings would grow Find the top deals in our independent best-buy tables This is Money is part of the Daily Mail, Mail on Sunday & Metro media group Andrada Mining Ltd. has secured a US$2.5 million loan from its largest shareholder, The Orange Trust, to fund the construction of a new tin processing plant at its Uis mine in Namibia. The new plant will operate independently from the existing facility, allowing Andrada to expand production without disrupting current operations. The additional plant will process up to 100 tonnes of tin ore per hour, significantly increasing output. Andrada expects this expansion to enhance cash flow by extracting value from existing stockpiles and new high-grade ore sources. Discussions are ongoing with regional tin miners in Namibia’s Erongo region to secure additional ore supply. CEO Anthony Viljoen said the investment reflects confidence in Namibia’s tin resources and growing global demand. Andrada’s long-term strategy involves scaling up operations while expanding tantalum and lithium production at its primary plant. “We anticipate a surge in tin demand over the year which, when combined with Andrada’s entrenched position in the global tin supply chain, creates a unique competitive advantage for the company,” said Viljoen. “The additional plant provides a modular pathway to scale up operations within our existing mining footprint as we evaluate new pits and validate historical resources. “Importantly, the new plant will operate independently, ensuring there is no disruption to current mining activities or to the ongoing expansion aimed at boosting tantalum and lithium revenues at our primary plant.” The six-month loan has no interest payments but includes a US$50,000 monthly facility fee, totalling US$300,000 over the term. The new processing plant itself will serve as security for the loan. Andrada will repay the full US$2.5 million principal at the end of the term, alongside a US$100,000 cumulative facility fee in the third month. The company sees this funding as the fastest and most flexible way to accelerate its tin expansion strategy, ensuring it can increase production quickly while maintaining financial stability. Join over 65, 400 subscribers and receive our weekly eNewsletter! Please check your inbox or spam folder to confirm your subscription. Please check your inbox to confirm your subscription. Something went wrong.The page you are looking for could not be found you might think that taking a break from work might seems like a luxury reserved for the lucky few are increasingly gaining traction as a valuable tool for both employees and employers sabbaticals offer numerous benefits for that extend far beyond the individual taking the time off Senior Associate and Labor Law Expert at Noerr   we will focus on the transformative power of sabbaticals as well as the legal aspects employers need to be aware of when deciding to implement a sabbatical programme The concept of sabbaticals is not regulated by Romanian law. Therefore, it is up to the employers to decide whether and how they grant sabbaticals to their employees. In practice, we have identified three major types of sabbaticals: BENEFITS OF SABBATICALS FOR EMPLOYERS While the benefits for employees are clear savvy employers should recognise that sabbaticals also have significant benefits for the organisation as a whole translating into a more resilient and competitive workforce Here are some benefits for the employers implementing sabbatical programmes: they can also present challenges for both employees and employers Understanding and addressing these challenges is essential to ensure the success and effectiveness of sabbatical programmes Here are some common challenges to consider: While the benefits of sabbaticals are clear implementing a successful sabbatical programme requires careful planning and consideration of various legal factors Here are some key considerations for organisations looking to implement a sabbatical programme: The policy must be communicated to and acknowledged by all the employees Employers should also regularly evaluate the effectiveness of the sabbatical programme and solicit feedback from employees to identify areas for improvement the addendum to the employment agreement should reflect the reduction in working hours and the corresponding reduction in salary for the partial sabbatical period an addendum to the employment agreement should be concluded specifying how the employee will be paid during the leave the employer and the employee may agree that the entire sabbatical will be paid for in one instalment at the beginning of the sabbatical or in several instalments throughout the sabbatical certain risks from a fiscal perspective should also be assessed by the employer By offering employees the opportunity to recharge it’s crucial for employers to be aware of the practical challenges and the legal aspects associated with implementing sabbatical programmes clear policies and thorough legal considerations are essential to ensure the programme’s success and compliance We use cookies for keeping our website reliable and secure providing social media features and to analyse how our website is used The 6th FAI Pan-American Paragliding Championships were held in Andradas The event was organized by Vetor Esportes with the support of CAB Comissão de Aerodesporto Brasileira - the NAC of Brazil There were 5 valid tasks of about 80 km each (407 km in total) flown at the event The event was primarily organized by Luis Cruz with Vinicius Santos Matuk Ferreira serving as the meet director and Zenilson Rocha Ferreira as the scorer FAI CIVL was represented by Goran Dimiskovski as the Steward and Igor Erzen and Cristiano Pereira as the Jury members Media coverage was provided by Airboysteam and Paulixfilms The event was also combined with the Test event of the 19th FAI World Paragliding Championships which are planned to be held next year in Andradas The main rivalry throughout the event was between Brazilians Ronnie Koerich and Rafael Barros with occasional challenges from Hernan Pitocco (ARG) and Ronnie securing spots on the Pan-American and Overall podiums the Pan-American women's champion title was not awarded due to insufficient representation (only five women participated in the overall women's ranking of the Test event the top finishers were Marcella Pomarico Uchoa (BRA) Argentina's advantage became insurmountable CIVL Plenary 2023 has awarded the 19th FAI World Paragliding Championships to be held in Andradas It will be organized by the local club Vetor Esportes which has great experience in holding big paragliding meets with the support of CAB NAC Brazil and CVBL (Brazilian Free Flight confederation) They have recently held several national events plus PWC events in 2017 and 2019 The proposed dates of the Championships are August 31 - September 13 The take-offs of Pico do Gavião offer 40 thousand square meters of grassy area easy to launch and free of obstacles. The North-East take-off has an elevation of 420 meters with an easy return to the ramp.  The South-West takeoff has an elevation of 720 meters in an area with lots of house thermals and receive alerts when they’re in the news Proactive financial news and online broadcast teams provide fast informative and actionable business and finance news content to a global investment audience All our content is produced independently by our experienced and qualified teams of news journalists Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London We are experts in medium and small-cap markets we also keep our community up to date with blue-chip companies commodities and broader investment stories This is content that excites and engages motivated private investors The team delivers news and unique insights across the market including but not confined to: biotech and pharma crypto and emerging digital and EV technologies Proactive has always been a forward looking and enthusiastic technology adopter Our human content creators are equipped with many decades of valuable expertise and experience The team also has access to and use technologies to assist and enhance workflows Proactive will on occasion use automation and software tools all content published by Proactive is edited and authored by humans in line with best practice in regard to content production and search engine optimisation Andrada Mining Ltd (AIM:ATM, OTC:AFTTF) has updated the resource estimates for its Uis mine The new estimate covered the mine’s V1V2 pegmatite updating for the final batch of drill results from 2022 and depletion from the surface (up to August 2024) Andrada said the average lithium oxide ((Li₂O) grade has increased to 0.79% from 0.73% and contained lithium oxide increased to 610,000 from 587,000 Its measured resource tonnage meanwhile grew 30% to 27.33 million tonnes (mt) and the indicated resource tonnage increased 2% to 17.50 million tonnes The total resource tonnage declined to 77.51 million tonnes Chief executive Anthony Viljoen described it as “another positive step” as Andrada moves closer to becoming “a premiere African producer of tin “Our exploration team has once again demonstrated that the V1V2 pegmatite has significant lithium potential, shown by increases in both the average lithium grade and contained metal tonnage,” he said in a statement. this updated resource also allows us to better quantify the potential lithium concentrate credits we can generate alongside our tin production the updated MRE further enhances the project economics of the Uis mine operations and will enable the determination of a lithium mineral reserve.” Sign up to receive alerts and news direct to your inbox Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom” is registered in England with the Company Registration number 05639690. Group VAT registration number 872070825. You can contact us here Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use Andrada Mining Ltd (AIM:ATM, OTC:AFTTF) is a buying opportunity after today’s trading update Results were a mixed bag, said the broker, with tin production of 232t below the broker’s expectation of 285t as ore processed and grades undershot Management added that ore processed during the period was impacted by increased maintenance on the crushing section of the plant while feed grade was lower due to the processing of blended ore Berenberg added it was a challenging quarter for Andrada but the effort to improve plant efficiency should result in a better performance in the current three months adding that management remains focused on reducing its operational costs while strengthening the economic fundamentals of its tin operations but this is reliant on operational delivery “We are constructive on the Andrada story and expect a buying opportunity if the shares experience softness today The stock is trading on 0.23 times NAV and we maintain our buy rating." Andrada will manage the exploration and development of Lithium Ridge licence Andrada Mining has teamed up with lithium chemicals producer SQM to develop the 3,300ha Lithium Ridge mining licence near Uis Mine in Namibia This collaboration is structured as a three-stage earn-in agreement subject to approval by the Namibian Competition Commission will see SQM invest up to $40m for a 50% stake SQM will pay Andrada a $2m participation fee with $500,000 due upon signing and the remaining $1.5m upon satisfying the conditions precedent with $7m for a 30% interest in the first 18 months an additional $13m for a further 10% stake over 24 months and the final 10% upon completion of a definitive feasibility study or incurring $40m on development A contingent success fee is also agreed upon if a 40-million-tonne resource is declared Don’t let policy changes catch you off guard Stay proactive with real-time data and expert analysis Andrada will manage the exploration and development of the Lithium Ridge property supervised by the Joint Development Committee (JDC) The Lithium Ridge licence is claimed to host several pegmatites with mineralisation including lithium (spodumene dominant) Recent exploration has revealed continuous mineralisation along a 6km strike with high-grade lithium intercepts up to 2.13% Li₂O Andrada CEO Anthony Viljoen said: “This partnership solidifies our belief in the Lithium Ridge asset as a potential world-class resource and further establishes Andrada as a multiasset We believe this partnership also significantly enhances the value of our entire asset portfolio partnering with SQM provides the ideal partner to unlock the full potential of Lithium Ridge while allowing continuation of the development of Uis through our existing financing relationships “The SQM partnership aligns perfectly with our strategic objectives enabling us to develop our neighbouring lithium asset “The introduction of a substantial player in the global lithium market will also place Namibia at the forefront of the African lithium development trajectory and unlock value for the Namibian mining industry.” In June 2024, Talga Group and SQM joined forces to advance the Aero Lithium Project in northern Sweden Give your business an edge with our leading industry insights View all newsletters from across the GlobalData Media network Ariana Resources and Great Southern Copper have both hit promising results in their latest drilling campaigns while Great Southern Copper struck visible copper Andrada Mining has boosted its resource estimates at the Uis mine in Namibia It’s another step toward becoming a key African producer of tin Oriole Resources is making progress at its Bibemi and Mbe gold projects in Cameroon while Bibemi’s latest phase could upgrade its resource estimates HeLIX Exploration is gearing up to resume work on its Clink #1 well this month aiming to improve flow rates by acidising the Charles Formation And Thor Energy has appointed Andrew Hume as its new managing director The ex-Shell and TotalEnergies exec brings 27 years of experience in energy and renewables our social channels and on proactiveinvestors.co.uk Andrada Mining has partnered leading lithium producer, Sociedad Química y Minera (SQM), to develop the Lithium Ridge project in Namibia. SQM a Chilean chemical company and supplier of plant nutrients The Andrada deal is SQM’s first venture into Africa and the partnership is expected to unlock the potential of Lithium Ridge as SQM will fund exploration and a feasibility study SQM agreed to pay Andrada a N$9.2 million participation fee on signing and a further N$27.6 million upon satisfaction of set conditions Lithium Ridge is located 35 kilometres from Andrada’s Uis Mine and covers approximately 3 300 hectares the agreement is subject to conditions precedent including getting approval from the Namibian Competition Commission formerly the world’s largest open-cast hard rock tin mine and has three mining licences: ML134 (Uis) The main minerals for these licences are tin expressed excitement about the partnership stating that the agreement is of strategic importance for both partners “This partnership solidifies our belief in the Lithium Ridge asset as a potential world-class resource and further establishes Andrada as a multi-asset We believe this partnership also significantly enhances the value of our entire asset portfolio,” Viljoen said He said the collaboration with SQM will provide the expertise and resources needed to fully unlock the potential of Lithium Ridge while allowing the continuation of the development of Uis through existing financing relationships The statement released by Andrada also indicated that the terms of the deal allow SQM to earn up to a 50% interest in Lithium Ridge through fully funding exploration and the definitive feasibility study (DFS) SQM has committed to paying Andrada a total of N$36.8 million in initial payments with an additional option to invest N$368.4 million over three-and-a-half years highlighted Namibia’s potential in terms of its abundant mineral resources adding that they are excited to partner Andrada Mining “We are excited to announce the completion of this agreement which confirms our commitment to finding the best lithium assets in the world that efficiently diversify our portfolio Namibia is among the top mining jurisdictions in the region and we are pleased to begin exploration with a proven partner like Andrada Mining,” he said A report released last year by stock brokerage indicated that Namibia’s lithium revenues could exceed all other commodities combined and could therefore improve the domestic trade and current account balances as well as gross domestic product growth rates the local lithium sector’s revenue to government would be the largest compared to all other commodity mining operations in Namibia” SS cautioned about a long-term view on lithium given a threat of new entrants to the battery and Electric Vehicle (EV) market “It can well be that lithium is not the preferred mineral for battery equipment and electronic consumer goods production in the long run,” Simonis Storm observed The report further noted that restarting lithium production in Namibia after 1998 can be a good development for the local mining industry and the country’s economy in general pointed out that given the capital-intensive nature of mining it was not expected for lithium to contribute to major boosts in socio-economic indicators such as employment but does view the renewed interest in Namibian lithium mining as a positive for export earnings and government revenue “It is important to note that Namibia’s estimated lithium reserves have grade concentrates far below the global standard of 6% Namibia’s lithium exports will fetch a lower global price per tonne and so the estimates above could be overstated unless better grade concentrates can be discovered,” the SS report continued it is the least-dense metal and the least-dense solid element but is highly reactive and flammable Lithium is an essential component in modern lithium-ion batteries since it has the highest electrochemical potential of all metals lithium-ion battery technology currently has the highest energy density the widest temperature range tolerance and the lowest self-discharge rates Because of the auto industry’s shift towards EVs brought about by proposed bans on fossil-fuel cars beginning at the end of the decade 400 subscribers and receive our weekly eNewsletter Please check your inbox or spam folder to confirm your subscription Please check your inbox to confirm your subscription FILIPINOS have certain associations when it comes to Filipiniana clothing: that it is stiff Happy Andrada subverted all these with a thoroughly wearable Filipiniana collection that was Pinoy without all the kitsch The show started quite early (when she said 6 p.m Andrada’s show was one segment at the Pinoy Playlist Music Festival 2024 Andrada’s clothing presentation was accompanied onstage by Dyandi Percussion Djembe Ph and Anima Tierra actress Glaiza de Castro flounced onto the stage in a puffy Filipiniana look The show also showed amazingly youthful looking menswear pieces such as a bomber barong with pinilian (an indigenous fabric resembling a cotton brocade) stretch pants Other menswear looks we saw included a hybrid barong-guayabera (a Latin American shirt) worn with a stylish salakot (gourd or woven hat) binakol pants (a fabric whose pattern has an op-art effect) with an embroidered piña (pineapple fabric) jacket embroidered with Filipino symbols like palms and Jose Rizal’s silhouette A baro (a woman’s blouse) was shown on the runway Another look was a cream jacket with extra-wide lapels worn over a barong (a traditional embroidered shirt usually formal) topped with a luxurious straw hat A baro’t saya (a traditional blouse-skirt combo) was made with several layers of cloth A find we envy was a chore jacket-barong hybrid Beauty queen Nicole Cordoves closed the show with a pageant-ready blue gown dyed to look like waves Think a preppy girlish cleanliness with just a hint of editorial excess “It was so much fun just collecting the fabrics.” and despite the girlishness of her clothes The finale dress is named “West Philippine Sea,” alluding to the Philippine territory that China is claiming as its own The dress was featured in the Fashion Art Biennale in Seoul last September “I was the only representative of the Philippines,” she said and I think we should be proud (to be) Filipino San Beda University did what many thought was an impossible task when they captured the NCAA Season 99 title in laudable fashion the Red Lions have to defend it — a job the current roster thinks would be a lot more grueling than winning it altogether.  all healthy following an injury in the offseason and the rest of the team eager to make it back-to-back championships for the school the Red Lions are bullish on their upcoming title defense bid.  "I think it’s harder to defend the title kasi everyone is watching your back So every team we will face either in the first round or the second round they will go as hard as they can kasi they know we’re the champions," Andrada told GMA News Online.  "It will be harder for us to defend the title pero we’re not gonna back down from everyone and we’ll do our best to win every game." primed to take over the leadership role following a stellar season in Season 99 that saw him emerge as the second leading scorer for the squad was not in his tip-top shape in the past months due to an ankle injury.  That injury forced him to miss a number of San Beda's games in some preseason tournaments like the Filoil EcoOil Preseason Cup and the Asiabasket International Championship.  But the sweet-shooting big man said he's now ready to wage war come the new NCAA season.  It’s a different injury [from my previous one last season] Andrada's optimism about the upcoming season comes from the much-awaited debut of their prized recruits like Bryan Sajonia they will form a deadly roster with reigning Finals MVP James Payosing and high-flying sophomore Jomel Puno.  "They’ve been blending really well The way I see it from the past couple of games that we’ve played in our tuneup games they’ve been accepting their roles," Andrada added "I think all of them are great additions to us and a big help for us to defend the title." was also the first to say that their title defense won't be easy especially with other teams also bolstering their lineups for the centennial season.  {{gallery.imageDetails.images.0.description}} a critical raw materials producer with mining and exploration assets in Namibia has announced that the Namibian Competition Commission (NaCC) has approved the company’s earn-in agreement with Sociedad Química y Minera de Chile SA through its subsidiary SQM Australia (Pty) Ltd The NaCC approval is the final outstanding condition precedent to implement the agreement SQM has the right to earn up to a 50% interest in Grace Simba Investments (Pty) Ltd a wholly owned subsidiary of Andrada Mining (Mauritius) Limited which holds the Lithium Ridge licence.  This means that the company has received the NaCC’s unconditional approval for the three-stage earn-in agreement with SQM on Lithium Ridge This will also lead to the formation of a Joint Development Committee (JDC) for GSI to commence and will also lead to the participation fee balance of US$1.5 million to be paid by SQM to Andrada the US$7 million investment is expected from SQM into GSI throughout the 18-month period for a 30% interest in GSI at the end of stage one high-margin tin producer with lithium and tantalum potential at the forefront of the development of a new tech and green metals project in the Erongo Region “We are delighted to receive the Competition Commission’s approval for the earn-in agreement with SQM This approval is the final component required for us to fully launch what will be a transformative partnership with one of the world’s largest lithium chemicals producers The agreement will significantly accelerate our lithium to market strategy.  This is an exciting development for both Andrada and Namibia SQM’s up to US$ 40 million foreign direct investment will not only expedite the development of the spodumene-rich Lithium Ridge but should also drive socio-economic growth in the Erongo region This strategic partnership will create direct and indirect employment opportunities and strengthen local procurement of goods and services our exploration team is fully prepared to execute the first phase of the agreement This is undoubtedly a pivotal moment in the company’s trajectory to becoming a leading African producer of critical raw materials.”  commented that his company was delighted that the Namibian Competition Commission granted approval for its earn-in agreement.  we are set to begin exploration at Lithium Ridge This milestone marks a key step in the expansion of our lithium asset portfolio reinforcing our commitment to the global energy transition.” The funds will be used to retire existing debt support growth and meet working capital needs Namibia-based critical raw materials producer Andrada Mining’s subsidiary has signed funding agreements totalling N$175m ($9.54m) with Bank Windhoek (BWL) These new agreements will immediately replace UTMC’s existing banking facilities Andrada Mining has finalised a N$100m term loan deal with BWL The main conditions of the loan include a six-year duration and its designation as senior secured debt holding the same priority as other comparable debt BWL will refinance Andrada’s working capital facilities BWL will also offer short-term loan facilities amounting to N$15m to support cash flow for upcoming VAT payments The company noted that the short-term loan will be available for 12 months and will be subject to the Prime Rate and will be repaid to the bank once refunds are received from the Namibia Revenue Agency BWL has agreed to provide AfriTin Mining (Namibia) with a N$10m guarantee to the Namibia Power Corporation which secures a deposit for the right to receive electrical power will incur a minor fee payable every six months The funds will be mainly used to retire existing debt support growth efforts and meet working capital needs The funding has been completed after meeting all conditions precedent which included securing the required consents and documentation Andrada Mining CEO Anthony Viljoen said: “We are proud to have finalised a significant funding agreement for a mining company by Bank Windhoek This partnership underscores our commitment to Namibia and its thriving mining industry “The funds will be instrumental in accelerating our exploration efforts enhancing our production capabilities and creating new job opportunities for Namibians “We are confident that this investment will not only benefit UTMC but also contribute to the overall economic development of the country.” Estefano Salgado and Johanna Hamne won the PWC that was held in Pico do Gaviao (Andradas) The competition was the second visit to Brazil on this year’s tour with a round having been held in Governor Valadares in March having been postponed since the coronavirus pandemic Mexicans Estefano Salgado and Manuel Quintanilla took first and second places overall with Vladimir Bacanin of Serbia completing the podium Only five women took part with Johanna Hamne of Sweden topping the table in 18th place overall All results at pwca.events The PWCA Asian Tour 2023 & second FAI Asian-Oceanic Paragliding Championships Test event will be held in Mungyeong South Korea from 6 – 13 October 2023 a tin producer with a critical raw materials portfolio of mining and exploration assets in Namibia has provided an update on its remuneration policy.  The policy was approved by shareholders at the company’s general meeting held in September last year.  the company approved the payment of certain cash bonuses as part of the remuneration policy for the full year ended 28 February 2024 Only 50% of the cash bonuses have been paid to date.  The company achieved an overall performance score of 65% in the 2024 financial year based on the balanced scorecard Due to the company’s strategic focus on preserving cash resources for operational priorities the remuneration committee and the board have approved the granting of a choice to all recipients of the cash bonuses for their outstanding balances,” the company said The company said the employees can either wait to receive a cash payment in the future or can elect to receive ordinary shares in the company in lieu of the outstanding cash balance employees with entitlements to bonuses amounting to £390 767 have elected to convert their bonuses into ordinary shares in the company with the remainder waiting to receive their bonuses in cash at the discretion of the remuneration committee the company has today issued 17 391 447 ordinary shares,” the company said the company also approved the issue of nil-cost share awards over 29 368 664 ordinary shares in the company to executive directors management and employees pursuant to the terms of its Long-Term Incentive Plan and the Employee Share Scheme (ESS) also supports the retention of key leadership providing continuity and stability as Andrada implements its strategy The company said the remuneration committee has now also approved the implementation of the ESS for other critical employees of the company.  The company said the total ordinary shares which are the subject of the ESS Scheme are 5 844 456 In establishing this scheme the directors believe that the compensation package recognises the hard work and contribution of dedicated employees while fostering a culture of ownership within the company “Equity participation enhances employee engagement and motivation ensuring that individuals remain committed to driving the success of Andrada’s operations and projects the scheme enhances the achievement of the company’s strategic objectives by retaining talent and incentivising employees to commit to its long-term success,” the company said The local regulations of the 6th FAI Pan-American Paragliding Championships and the Test event of the 19th FAI Paragliding Worlds have been approved by CIVL Bureau and published on the website Hurry up to take the spot https://civlcomps.org/event/pg-panam-2024 The United Kingdom’s Andrada Mining has secured about N$48 million to build an additional tin processing plant at Uis boosting production capacity and supporting future growth in the Erongo region Andrada has obtained the loan from LC Abelheim Limited (LCA) as trustee of The Orange Trust Andrada is a tin producer with a portfolio of critical raw materials Andrada spokesperson Elizabeth Manasse says the N$48 million would help ensure an additional processing capacity of 100 tonnes per hour at Uis Andrada chief executive Anthony Viljoen says discussions continue for higher-grade tin ore supply from miners in the Erongo region “This strategic investment reflects our confidence in the abundant tin resources of Namibia’s Erongo region and particularly in the Uis mining licence “We anticipate a surge in tin demand over the year when combined with Andrada’s entrenched position in the global tin supply chain creates a unique competitive advantage for the company “The additional plant provides a modular pathway to scale up operations within our existing mining footprint as we evaluate new pits and validate historical resources ensuring there is no disruption to current mining activities or to the ongoing expansion aimed at boosting tantalum and lithium revenues at our primary plant,” he says This expansion also enables Andrada to explore and initiate production from other high-grade ore bodies across the Erongo region “Our integrated approach of expanding tin output while advancing the polymetallic potential of our ore body should significantly enhance cash flow and improve profit margins “The strong support from our existing shareholder underscores the broad confidence in our growth strategy and reinforces our commitment to sustainable scalable production and expansion,” he adds copyright in the content of this website vest in The Free Press of Namibia (Proprietary) Limited (Registration No 85/058) The unauthorized making of copies or use of this material constitutes a copyright infringment under the Namibian Copyright and Neighbouring Rights Protection Act Powered by PageSuite © 2025 The Namibian This site asks for consent to use your data We use cookies to enhance your browsing experience We use cookies to help you navigate efficiently and perform certain functions You will find detailed information about all cookies under each consent category below The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site We also use third-party cookies that help us analyze how you use this website and provide the content and advertisements that are relevant to you These cookies will only be stored in your browser with your prior consent You can choose to enable or disable some or all of these cookies but disabling some of them may affect your browsing experience Necessary cookies are required to enable the basic features of this site such as providing secure log-in or adjusting your consent preferences These cookies do not store any personally identifiable data Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms Analytical cookies are used to understand how visitors interact with the website These cookies help provide information on metrics such as the number of visitors Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns The exclusive showcase aims to celebrate the fusion of tradition and contemporary style Held at Tesoros’ flagship store in Makati the event is deemed by its collaborators not just as a display of fashion but a statement on Filipino artistry sustainability and modern cultural expression the country’s pioneer exponent of homegrown fashion and handicrafts is celebrating its 80th year in 2025 with one eye looking back at its rich past and another trained on its glowing future And this is emblematic with its choice of Happy Andrada as its featured guest designer Having earned a reputation in the industry for designing native finery that’s brimming with youthful fun while still cognizant and respectful of traditions Andrada recently presented a 15-look collection of modern Filipiniana pieces for his and hers at Tesoros’ flagship store in Makati Andrada used a range of native handwoven textiles such as piña cocoon which she mixed and matched with Tesoros’ existing inventory of handwoven tablecloths and even placemats to produce avant-garde and sometimes whimsical dresses barong-and-pants ensembles and various resort and everyday wear Several tops were also embellished with hand-stitched calado embroidery “I guess they chose me based on my past creations,” said Andrada soon after the show “They probably felt my work appeals to a younger and broader market They’re probably a tad different from everyone’s idea of Filipiniana.” The designer nevertheless “stayed true to my style” by making sure her pieces could be mixed and matched and dressed down with existing pieces in one’s wardrobe as well as used for everyday wear Providing pops of color to the predominantly ecru shade that’s a signature of undyed natural piña fiber were handwoven tablecloths and placemats from all over the country Andrada combined them with piña either as skirts the resourceful designer doubled as her own stylist as she sourced for various native woven hats some of which she embellished with faux bulbs of garlic Her collection’s silhouettes were decidedly a bit loose in keeping with the trend but fall under the category of ready-to-wear (Beng) Tesoro (Tesoros CEO) saw my outfit earlier she appreciated what I did with the tablecloth.” Since it takes a while to order handwoven fabrics from the provinces Andrada basically made do with what was available at Tesoros it was mostly woven plaids in pastel shades which she combined with piña cocoon and piña suksok tops vests and double-breasted and varsity jackets a unisex varsity jacket made of piña and combined with handwoven material comes in black Both jacket’s front panels were embroidered with iconic symbols like national hero Jose Rizal horse-drawn caritelas and the Rizal monument I got inspired with the weavers and with what they have The results surprised me and a good number of people in a pleasant way,” says Andrada Isabel “Beng” Tesoro said that the partnership reflects the brand’s unwavering mission Tesoros has been dedicated to preserving and promoting Filipino craftsmanship,” she continued “Our artisans pour generations of skill into their work we ensure that these traditions evolve while staying rooted in their authentic origins.” the collaboration brings attention to the evolving landscape of Filipino design—where heritage is actively preserved for today’s market “We see this as part of a movement where young designers take inspiration from the past and bring it into the future,” Tesoro added who has been in the fashion business since the early 2000s “It’s a celebration of who we are as Filipinos we make sure that Filipino artistry continues to thrive Inter Miami end losing streak with Messi, Suarez heroics against Red Bulls Former Barcelona coach: “Lamine Yamal is better than Messi at 17” but this Romanian businesswoman is one of the key figures behind Lionel Messi’s vast wealth in the luxury real estate sector Mantu began her journey working in bars before becoming an expert in high-end properties and hotels in Barcelona she has become Messi’s "trusted person" when it comes to real estate "Leo Messi has been one of my clients for more than 10-12 years I sold him his first apartment in Barcelona and I continue to manage the purchase of all his hotels in Spain and beyond," Andrada revealed in an interview with Observator Antena 1 Since breaking into the real estate market in Barcelona and other Spanish cities Manta has facilitated deals worth over €500 million "My proudest moment as an entrepreneur was earning my first million before the age of 30 and managed some of the best luxury apartments and projects across the country always staying a step ahead of trends and market demand," Manta added Messi’s net worth is estimated to be close to €1 billion with €69 million generated annually from marketing deals alone Nogomania.com is a premier destination for football enthusiasts delivering fresh and in-depth content from the heart of the Ex-Yu region's football scene Andrada Mining has transformed itself into a multi-mineral producer during the 2024 financial year achieving a remarkable double-digit increase in tin concentrate production and successfully produced its first commercial batch of tantalum solidifying our position as a key player in the critical metals space Andrada has implemented a water recycling programme that reduced its environmental impact “We also maintained a 99% Namibian workforce demonstrating our commitment to the local community Andrada’s vision is deeply intertwined with our identity as a proudly Namibian company with significant future growth and value potential,” said Parsons The company managed to unlock additional value through exploration milestones at Lithium Ridge and Spodumene Hill This development approach has enabled the production of tantalum and lithium concentrates establishing additional revenue streams that will significantly mitigate single product price and demand volatility risks “Multi-mineral production at Uis Mine will also drive down overall costs to the benefit of the bottom line The ability to increase revenue and cash flow while managing costs remains imperative to improving profitability.” The period saw increased tin production and commencement of tantalum production which saw 50% annual volume increases in both tin concentrate and tin metal production “This was mainly due to the plant expansion implemented towards the end of the prior financial year The expanded plant is now in stable production we successfully produced our first consignment of tantalum at the end of the 2024 financial year This proved our ability to meet the AfriMet supply agreement and marked a key milestone in Andrada’s goal of being a multi-mineral producer.” the company forged new global and local funding partnerships with the Development Bank of Namibia and Orion Resource Partners while nurturing existing relationships Parsons said the company is confident that the ring-fenced US$12.5 million Orion tin royalty combined with the continuous improvement programme launched during the year at Uis Mine will enable the company to realise this objective Andrada spent just over N$505 million (US$27 million) through procurement from Namibian suppliers in the 2024 financial year Anthony Villjoen added that bringing a lithium concentrate to market will be the first step to validating the lithium potential of the Erongo Region and unlocking the significant potential of the company’s large mineral resource He said annual ore processing now stands at approximately one million tonnes and tin concentrate production at approximately 1 500 tonnes “This takes us a step closer to our goal of producing 2 600 tonnes of tin concentrate (1 600 tonnes of contained tin) in line with the Orion royalty agreement.” BACOLOD City – Bacolod Tay Tung High School Thunderbolts clinched the crown in the 14-and-under category of the Gov Bong Lacson Grassroots Volleyball Tournament on Sunday at the Montalbo Gym here Marishka Alexandria Andrada spearheaded the offense to be named Most Valuable Player and Best Setter as the Thunderbolts defeated Elite Talisay in the championship game Memielle Letran as 2nd Best Outside Hitter Zelver Banguiao as 1st Best Middle Blocker Also part of the Thunderbolts team are Maria Shannen Bañas Serving as head coach for the Thunderbolts team is Roemel Taniñas with Jose Montalbo as team manager these young ladies are just continuing their preparation and improvement for them to be ready when they are called up for the seniors team,” Montalbo said Elite Talisay’s Kristel Mae Mirasol and Sophie Nicole Pamplona were named as 1st Best Outside Hitter and 2nd Best Middle Blocker failed to complete a golden double as they settled for a runner-up finish in the 12-and-under category losing to Sanjus Cebuana in the gold medal match Getting individual citations from Sanjus are Denise Bongo (MVP and 2nd Best Outside Hitter) Melchiara Valera (Best 2nd Middle Blocker) and Chaewon Cabilao (Best Opposite Hitter) feted for the Thunderbolts are Chennie Mae Millama (Best Server) while Tabuelan’s Veniece Mabida bagged the 1st Best Middle Blocker award./PN and website in this browser for the next time I comment SAN Beda bounced back from a heartbreaking loss by venting its ire on Jose Rizal University, 77-60, as the reigning men’s basketball champion got back on track in the NCAA Season 100 on Saturday Big man Yukien Andrada had a double-double of 16 points and 10 rebounds in leading the Red Lions’ emphatic win just four days after being ambushed by Emilio Aguinaldo College Generals in a 68-55 upset Bryan Sajonia also made up for his shooting struggles the previous game by finishing with 14 points while James Payosing and Jomel Puno each had 13 for the Mendiola-based school which hiked back its record to 3-2 and tied University of Perpetual Help at third place “I told them na as defending champions So we have to stay humble and just focus on the next game,” said coach Yuri Escueta of San Beda’s 13-point loss to EAC “alam ko masakit yung talo namin sa EAC The Red Lions quickly jumped over the Generals as Puno began hitting his strides but they never really pulled away until the second quarter where they outscored the opposition the reigning champions were already sitting on a comfortable 46-22 lead The Heavy Bombers fell to a 1-4 record as they failed to come up with a fitting follow up to their 90-74 win over the San Sebastian Stags the previous game The loss also spoiled the career-best of Shawn Argente who finished with a game-high 27 points for JRU Get more of the latest sports news & updates on SPIN.ph Spin.ph has been granted the NPC Seal of Registration in recognition of the successful registration of its DPO and DPS We use cookies to ensure you get the best experience on Spin.ph. 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