Tantalum is mainly used in the electronics industry, where tantalum capacitors are used in electronic equipment such as mobile phones, tablets, laptop computers and video game systems. It is also used to produce a variety of super alloys which can be used to manufacture high temperature cutting tools and other applications where its high melting point and corrosive resistant properties are required.
Aftan has a conditional deal with
Some of the world's tantalum is produced in the
"It is intended that the tantalum produced by Aftan would be conflict-free and the company would anticipate that a premium to tantalum from conflict areas could therefore be charged,"
"This is the first step in our intention to build
"Its origin matters to end users such as the world's large electronics companies due to their desire to comply with the US regulations on the use of tantalum. We intend to build upon this initial mine and utilise wide ranging international financing options to create significant value for shareholders in a fully integrated business," he added.
Aftan's deal with Magnum is conditional on confirmation of mining tenure at the project, currently being reviewed by the Namibian government, and regulatory approvals.
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