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Tin Explorers

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Minsur proceeds with $195 million B2 development

Post By: Tom Mulqueen on Friday, 17 November 2017

Leading South American tin producer, Minsur, has announced board approval for a US$195 million investment to execute its B2 tailings retreatment project, situated next to the operating San Rafael tin mine in Peru.

The operation is designed to produce some 5,000 tpa of tin over a 9-year mine life, at projected cash costs of some $5,500 per tonne. Development will entail construction of a new tailings dam as well as a new 3,000 tpd processing plant to treat the...

Alphamin secures $80 million loan for Bisie development

Post By: Tom Mulqueen on Friday, 17 November 2017

Toronto-listed Alphamin Resources has signed a US$80million credit agreement with a syndicate of lenders to help fund the development of its Bisie tin mine in DR Congo and hopes to raise the remaining required amount through private placements by the end of 2017.

The lending syndicate includes Sprott Private Resource Lending, Barak Fund SPC Limited and Tremont Master Holdings. In addition to the $80 million credit agreement, the Industrial Development Corporation and Tremont have committed to investing $13.7m at...

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