DRC mineral royalty increases with mining code revision

DRC’s mining code has been signed into law introducing various fiscal and regulatory reforms, including an increase in mining royalties for tin to at least 3.5%. Revision of the code was concluded by parliament in late January and signed into law by President Kabila...

Alphamin plan US$38 million equity fundraising

Alphamin Resources Corp. (AFM: TSXV) has announced plans for a private placement with which it hopes to raise approximately US$38 million to fund further construction activities at its 82.5% owned Bisie Tin Project in North Kivu, Democratic Republic of Congo, The...

Alphamin report detailed design and budget estimates

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...

Alphamin announces updated DFS

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...

Alphamin publish full DFS study for Bisie

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,...

Alphamin announces US$10 million investment by IDC

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...

Formalisation prospects for DRC tin production

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...

Congo mine boss plans pure tin operation.

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...

Alphamin resumes drilling at Bisie

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...

DR Congo government wants bigger stake in mine projects

Plans by Democratic Republic of Congo to raise its stake in new mining projects to 35% from 5% under a revised mining code have unnerved investors, Reuters reported. DR Congo – which holds rich deposits of copper, tin, cobalt and gold – is reviewing its...