Atlantic Tin has completed of the acquisition of Société Anonyme d’Entreprises Minières, from Managem S.A. SAMINE owns the past producing El Hammam mine, including its infrastructure and tenements, located adjacent to the Achmmach Tin Project near Meknes, Morocco. “The acquisition of SAMINE is a major step forward in the development of the Achmmach tin project,” said Simon Milroy, CEO of Atlantic Tin. “The SAMINE processing plant already has a two-stage crushing plant, milling, flotation, thickening and filtering in place as well as power, water and communications. The use of the existing infrastructure also results in reduced environmental and social impacts.”“With the acquisition of SAMINE, Atlantic Tin will become an industry leader in lead-time, scale, capital intensity and cost position and will be positioned as a premier supplier of tin to the Atlantic basin and beyond. In addition to the existing processing plant, SAMINE has in place a 111 Km2 exploitation license along strike from the Achmmach project, which is highly prospective for tin.

Source: The North Africa Journal August 08, 2024 09:03 UTC