Chamwe Kaira
Andrada Mining Limited has announced that JLE Newco Ltd, a company registered in Lichfield, United Kingdom, has acquired a 5% shareholding in the company.
The acquisition follows an internal restructuring within the corporate group of the ultimate beneficial owner.
According to a regulatory filing submitted to the UK Financial Conduct Authority, JLE Newco now holds 83.7 million voting rights, representing 5% of Andrada Mining’s total issued share capital.
The transaction crossed the reporting threshold on 14 October 2025, and the company was notified on the same day.
The filing asserts that no other entity controls JLE Newco, nor does it control any undertakings with an interest in Andrada Mining.
It further clarifies that the transfer of shares was part of an internal restructuring, with JLE Group Ltd transferring its stake to JLE Newco, both under the same ultimate beneficial ownership.
Andrada, a technology metals producer listed on London’s AIM market, focuses on developing its tin, lithium, and tantalum operations in southern Africa.
The company continues to advance its Uis Tin Mine in Namibia, positioning itself as a growing player in the global critical minerals supply chain.
The restructuring does not change the overall ownership or control of Andrada Mining but reflects an administrative transfer within the JLE Group’s corporate structure.
For the three months ended 31 August 2025, Andrada reported tin concentrate production of 453 tonnes, a 17% increase from 388 tonnes in the same period last year. Contained tin rose 14% to 273 tonnes, supported by improved operational efficiency and a stronger recovery rate of 73%, compared with 69% in the previous quarter.
The average realised tin price climbed 4% year on year to US$33 308 per tonne, reflecting stronger global tin market conditions.
Andrada achieved record six-month tantalum concentrate production of 27 tonnes, with 10 tonnes shipped during the quarter.
The company also completed the commissioning of its new Jig Plant at the end of August, on time and on budget. The plant is expected to boost recoveries, increase output, and reduce unit costs.
Exploration at Lithium Ridge is progressing well. Stage 1 drilling, undertaken in partnership with SQM Australia, forms part of the company’s strategy to diversify into lithium and other critical minerals.
For the first half of the financial year, tin concentrate production rose 14% year on year to 858 tonnes, while contained tin increased 11% to 511 tonnes.
The company also delivered a record six-month tantalum production of 27 tonnes, reinforcing its diversification into high-value metals used in electronics.
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Andrada is a technology metals producer listed on London’s AIM market.
