Rosh Pinah gets new majority shareholder

United Kingdom-based Appian Capital Advisory has bought 89.96% interest in the producing Rosh Pinah zinc mine, located in the //Karas Region, from Trevali Mining Corporation.

Trevali had a 90% stake in the mine. Appian is an investment advisor to long-term value-focused private capital funds that invest in mining and mining-related companies.

Rosh Pinah is an operating underground zinc-lead mine with a 2 000-tonne per day milling operation. In a statement, Appian said it planned to restart the Rosh Pinah 2.0 mine expansion project, which will nearly double the mine’s annual ore throughput to 1.3 million tonnes and improve its safety and environmental performance.

The company will retain the existing site management team and workforce, who have substantive technical expertise and understanding of the asset, it said.