Xingye Silver & Tin to acquire Moroccan tin mine
2025-05-07 15:42:30 [Print]
On April 30, Inner Mongolia Xingye Silver & Tin Mining Co., Ltd. signed an offer implementation agreement with Atlantic Tin Limited, planning to acquire all issued shares of Atlantic Tin through its wholly-owned subsidiary, Hsing Yip Gold (Hong Kong) Mine Company Limited. The offer price is set at AUD0.24 per share, with a total consideration of approximately AUD98 million.
Atlantic Tin, through its subsidiary Atlas Tin SAS, owns the Achmmach Tin Project, located about 40 kilometers southwest of Meknès in north-central Morocco.
According to the latest mineral resource estimate for the Achmmach Tin Project, based on a cut-off grade of 0.26% Sn, the total estimated mineral resources stand at 39.1 million tonnes with an average tin grade of 0.55%, containing approximately 213,300 tonnes of tin. This includes measured resources containing 18,100 tonnes of tin at 0.85% Sn.
The project's feasibility study indicates an annual ore processing capacity of 750,000 tonnes, using a combination of ore sorting, high-pressure grinding, and gravity-flotation processes to achieve a tin recovery rate of 77%. It is expected to produce approximately 4,500 tonnes of high-grade tin concentrate (60% Sn) annually. The mine is not yet in production currently.
Atlantic Tin, through its subsidiary Atlas Tin SAS, owns the Achmmach Tin Project, located about 40 kilometers southwest of Meknès in north-central Morocco.
According to the latest mineral resource estimate for the Achmmach Tin Project, based on a cut-off grade of 0.26% Sn, the total estimated mineral resources stand at 39.1 million tonnes with an average tin grade of 0.55%, containing approximately 213,300 tonnes of tin. This includes measured resources containing 18,100 tonnes of tin at 0.85% Sn.
The project's feasibility study indicates an annual ore processing capacity of 750,000 tonnes, using a combination of ore sorting, high-pressure grinding, and gravity-flotation processes to achieve a tin recovery rate of 77%. It is expected to produce approximately 4,500 tonnes of high-grade tin concentrate (60% Sn) annually. The mine is not yet in production currently.
Tin Solder Wire Sn 99%min, Ag 0.3%min, Cu 0.7%max EXW China
Unit:RMB/kg
China tin concentrate producers' inventory to production ratio statistics by province by month
Unit: %
