Andrada mining contribution rises to N$775.2 million
The company's direct economic impact grew 6% in the 2026 financial year, driven by wages and local procurement.
Andrada Mining's direct economic contribution to Namibia reached N$775.2 million in the 2026 financial year, a 6% increase from the previous year. This growth was fueled by wages, royalties, and procurement as the company expanded its Uis Mine operations. The total contribution exceeded £33.17 million, up from £31.39 million in FY2025.
Local remuneration at Uis Mine totalled N$103.3 million in FY2026, an increase from N$100.38 million in FY2025. Andrada hired 126 new employees and offered internships to 11 graduates from local communities, with two later securing permanent positions. The company engaged 241 suppliers, with 189, or 78%, being Namibian businesses.
Andrada estimated its activities generated an additional N$330.2 million in indirect economic benefits using a World Bank multiplier. Chief executive Anthony Viljoen stated that Uis expansion creates more employment, local procurement, and skills development opportunities. The company is also exploring desalination for long-term water supply solutions with the ministry of agriculture, water and land reform.
Why it mattersNamibian workers and businesses benefited from increased wages, procurement, and employment opportunities due to Andrada Mining's expanded operations.