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(Kitco News) - Appian Capital Advisory today announced the acquisition of an 89.96% interest in the producing Rosh Pinah zinc mine, located in the Kharas region in southern Namibia, from Trevali Mining.
Rosh Pinah is an operating underground zinc-lead mine with a 2,000 tonnes per day milling operation, located in southwestern Namibia, approximately 800 km south of Windhoek.
The mine has been in continuous operation since 1969, producing zinc and lead sulphide concentrates, as well as smaller amounts of copper, silver, and gold.
Appian said it plans to restart the Rosh Pinah 2.0 expansion project which envisages the construction of new processing facilities, including the addition of a paste fill and water treatment plant, as well as a dedicated portal and decline to extended deposits.
The project will increase mill throughput from 0.7 million tonnes to 1.3 million tonnes of ore per annum, increasing zinc equivalent production to 170 million pounds per annum, on average.
The company added it will retain the existing site management team and workforce, who have substantive technical expertise and understanding of the asset.
Appian is the investment advisor in the metals and mining industry, with global experience across South America, North America, Australia and Africa.
