Andrada Mining Limited says it has invested N$402 million (£21 million) in Namibian suppliers, representing 95% of the company’s total procurement expenditure in 2024.
According to the critical raw materials producer’s sustainability report, the company engaged 438 suppliers, with 53 based in Uis and 171 in Erongo.
“We are particularly proud of the significant progress we have made in progressing our ESG commitments this year, including a doubling of procurement expenditure within Namibia to £21 million, this was from 438 suppliers in Namibia with 53 from Uis and 171 from Erongo,” said Andrada CEO Anthony Viljoen.
He further explained that in addition to procurement, Andrada maintained a workforce of 471, comprising 99% of Namibian employees and contractors.
The company also invested N$67 million (£3.5 million) in salaries, royalties, and social projects across Namibia. Women represented 21% of the workforce, with 25% holding senior leadership positions.
“Additionally, a total of £3.5 million was spent in Namibia towards salaries, royalties and social projects during the year under review. This integrated approach ensures that initiatives designed to address climate change, water stewardship and biodiversity also deliver benefits to local communities,” he said.
Andrada also made strides in environmental stewardship, improving energy efficiency by 7% and water withdrawal rates by 5%.
A comprehensive biodiversity action plan was implemented, and a climate scenario analysis assessed risks related to climate change.
In health and safety, Andrada maintained zero fatalities while achieving a 16% reduction in its Total Recordable Injury Frequency Rate and a 1% improvement in its Lost Time Injury Frequency Rate.
“These results validate our strategy of embedding sustainable practices into all our operations whilst delivering operational excellence. Establishing the foundations for sustainable practice now, including conducting thorough analysis initiatives, is imperative to align the Company growth trajectory with our ESG objectives,” Viljoen said.
Andrada is an African tech-metals mining company with a portfolio of mining and exploration assets in Namibia and is dual-listed on the Namibian Stock Exchange
