Andrada Mining Limited increased its royalty payments to the Namibian government by 37% to N$20.1 million during the financial year ended 28 February 2026, compared with N$14.7 million in the previous financial year, according to the company’s latest Sustainability Report.
The report shows that Andrada’s total direct economic contribution to Namibia increased to more than N$745 million (£33.17 million), up from N$705 million (£31.39 million) in FY2025, driven by higher local procurement expenditure, wages and royalty payments.
The mining company’s revenue also increased by 26.5% to N$676 million (£30.1 million), compared with N$534.5 million (£23.8 million) in the previous financial year, reflecting improved operational performance at its flagship Uis Mine in the Erongo Region.
According to the report, local procurement expenditure increased by 10% to N$625.8 million (£27.86 million), up from N$567.8 million (£25.28 million) in FY2025.
Local procurement accounted for approximately 88% of the company’s total procurement expenditure, compared with 87% in the previous year.
Wages and salaries paid to employees at Uis increased to N$99.3 million (£4.42 million) from N$96.8 million (£4.31 million), while estimated indirect economic benefits rose to N$317.4 million (£14.13 million) from N$300.5 million (£13.38 million).
The indirect contribution was calculated using the World Bank’s mining-sector economic multiplier methodology.
Andrada Chief Executive Officer Anthony Viljoen said the company continued to contribute to Namibia’s economy through employment, procurement, royalties and community investment while expanding its critical minerals portfolio.
“During FY2026, Andrada’s direct in-country economic contribution exceeded £33.17 million, while community investment increased to £74,174, primarily supporting education, youth development and community infrastructure initiatives,” Viljoen said.
The company also increased its workforce during the review period, with direct employment rising by 42% to 394 employees from 277 in FY2025.
The number of contractors increased to 285 from 278, bringing Andrada’s total workforce to 679 employees and contractors at the end of February 2026.
“As at 28 February 2026, Andrada employed 394 employees across the Group and 285 contractors, bringing the total workforce to 679 personnel. Workforce planning, capability development and succession management remained important areas of focus as the business continues to grow and develop,” the report stated.
Namibian nationals accounted for 98% of the company’s direct workforce, while female representation increased to 29% from 20% in FY2025.
Women occupied 36% of senior operational management positions, unchanged from the previous financial year, while female representation at corporate leadership level stood at 29%.
Meanwhile, community development expenditure increased by approximately 51% to N$1.7 million (£74,174), compared with N$1.1 million (£49,084) in FY2025.
Education and skills development accounted for 68% of total community investment, with funding also directed towards youth development and community infrastructure initiatives.
“Beyond the minerals we produce, we create value through employment, procurement, taxes, royalties and community investment. During FY2026, Andrada’s direct in-country economic contribution exceeded £33.17 million, while community investment increased to £74,174, primarily supporting education, youth development and community infrastructure initiatives,” the report stated.
The company conducted 208 stakeholder engagements during the financial year, covering community development, education, environmental management, local employment and regulatory matters.
On workplace safety, Andrada maintained a zero-fatality record during FY2026, while its total recordable injury frequency rate improved by 29% to 3.61 from 5.07 in FY2025.
However, the lost-time injury frequency rate increased to 0.60 per million hours worked from zero in the previous financial year.
Health, safety and emergency response training increased to 568 hours from 461 hours.
The report indicates that Andrada increased its economic contribution to Namibia during FY2026 through higher royalty payments, local procurement and employment, alongside increased investment in community development.
