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Markets // Tin Explorers

Articles tagged with: DRC

Alphamin report detailed design and budget estimates

Post By: Tom Mulqueen on Tuesday, 07 February 2017

TSX-listed Alphamin Resources has announced the results of detailed design work and budget estimates for its 80.75% owned Bisie Tin Project in the Democratic Republic of Congo. The work has resulted in an improvement in several operational parameters as well as an increase in proven and probable reserves to 4.67 Mt at 3.58% Sn (or 167,000 tonnes of tin)

The report explains that while the fundamental mining method has not changed, the layout and mine design parameters have improved...

Alphamin announces updated DFS

Post By: Tom Mulqueen on Thursday, 30 June 2016

Tin explorer, Alphamin Resources Corp.(TSX-V:AFM), has announced an updated feasibility study (DFS) for its Bisie tin project in North Kivu, Democratic Republic of Congo, to reflect an increase in Mineral Resources at the site.

In May this year the company reported a 34% increase in Probable Mineral reserves to 152,768 tonnes of contained tin (3.52 Mt of ore @ 4.34% Sn). Adjusting for this change and improved economic outlook relative to the previous DFS, released in February, has...

Alphamin publish full DFS study for Bisie

Post By: Tom Mulqueen on Tuesday, 29 March 2016

Canada-listed Alphamin Resources Ltd. (TSX-V: AFM) has published the full, NI 43-101compliant, Definitive Feasibility Study (DFS) for its Bisie tin project, in North Kivu, DR Congo. The study, led by MDM Engineering, concludes that the project is economically viable, technically credible and environmentally sound at current tin prices.

The report estimates cash costs for each tonne of contained tin produced totalling $8,448, including $2,671 for mining, $1,755 for processing, $1,550 for administration, $863 for transport, $1,458 for marketing and...

Alphamin announces US$10 million investment by IDC

Post By: Tom Mulqueen on Wednesday, 11 November 2015

TSX-V listed Alphamin Resources Corp. has announced an agreed investment worth up to US$ 10 M by the Industrial Development Corporation of South Africa Ltd. (IDC) in return for a 14.25% equity stake in Alphamin DR, the companies subsidiary in the Democratic Republic of Congo (DRC)

Interim Alphamin CEO, Boris Kamstra, said: "The IDC's investment into Alphamin DRC represents a vote of confidence for Alphamin from a significant experienced long term investor. We look forward to working with the...

Formalisation prospects for DRC tin production

Post By: Tom Mulqueen on Tuesday, 26 May 2015

Recent presentations at the 2015 ITRI China International Tin Forum in Shanghai by Mining Mineral Resources (MMR) and TSX-V listed Alphamin Resources Corp., who both have active tin projects in DR Congo, have highlighted the potential for the ongoing formalisation of the country's tin mining sector.

Mining Mineral Resources possesses approvals for prospect exploration and mining in Katanga province, DRC and is in full compliance with the iTSCi programme. MMR has undertaken grassroots exploration through to project construction and...

Congo mine boss plans pure tin operation.

Post By: Tom Mulqueen on Monday, 23 February 2015

In what the owner hopes will be the first integrated tin mining and smelting operation in the Democratic Republic of Congo (DRC), Victor Kasongo, the ex-Congolese mine regulator and deputy minister has received financial backing to mechanise the tin mining operations of his company, Congo Premier Sarl, to provide consistent ore supply to his revived furnaces, in an operation with targeted annual production of 2,300 tonnes of tin.

The US$20 million loan, offered to Congo Premier Sarl by South...

Alphamin resumes drilling at Bisie

Post By: Tom Mulqueen on Thursday, 25 September 2014

Alphamin Resources has recommenced drilling at its Bisie tin prospect following assurances from the Democratic Republic of Congo government over security. An incident in July had resulted in all staff being evacuated from the site.

Bisie and the surrounding Walikale area in central DRC has been subject to ongoing disputes regarding the rights of artisanal miners, who undertook significant mining at Bisie between 2007 and 2010. Since the government backed Alphamin project took over operations in the area, future...