Modern Mining

Alphamin Resources Corp, listed on the TSX-V, is on track to deliver on the commitment to develop the first large commercial tin mine in the eastern Democratic Republic of Congo (DRC) that will produce responsible, developmental, conflict-free tin concentrate, while promoting community development, safety, health and environmentally sound practices.

The first production at Alphamin Bisie Tin Mine (ABM) is expected in 2019. The project is already reported to be bringing substantial benefit to local communities and holds promise of attractive returns for investors for many years to come.

Bisie CampThe Bisie tin project showing the hilltop camp.

Alphamin recently hosted a media round table in Johannesburg where senior journalists had the opportunity to engage with the North Kivu Minister of Mines, Electricity, Small & Medium Enterprises, Industry and Hydrocarbons, Minister Professor Anselme Paluku Kitakya, the North Kivu Provincial Director of the Ministry of Mines’ Centre of Evaluation, Expertise and Certification, Dr Daniel Ngoie Mbayo as well as the senior leadership of Alphamin.

Kitakya expressed his support for the Bisie project and the value that the project already brings to the Walikale territory in North Kivu. He welcomed the prospect of increasing North Kivu’s and the country’s tin production. “ABM will double the DRC’s exports of tin by 10 000 tons per year,” he stated. He added that the mine had significant value for the region as it would bring local and regional employment while adding to the region’s infrastructure and social well-being.

Bisie BridgeA bridge constructed by Alphamin on the access road to Bisie.

“The Bisie tin deposit is one of the largest and most significant tin deposits in the world.

Construction activities commenced in Q3 2017 and first production of tin in concentrate is anticipated in Q1 2019 while the mine is anticipated to reach steady state production towards end of 2019,” said Basil Kamstra, CEO of Alphamin.

He pointed out that Bisie would be coming on line at the right time. “Future tin supply is globally uncertain as tin inventories are running low and economically viable tin reserves are being depleted. The International Tin Research Institute (ITRI) has forecast that there is likely to be a global shortfall of tin commencing in 2018. There are a limited number of active industrial scale tin mines outside of China and Indonesia and the majority of other new projects face significant technical, financing and other challenges; in addition, obtaining the required permits to build new mines remains complex.”

Under the updated Feasibility Study, the net present value (NPV) of the investment in Bisie amounts to US$402,2 million and the internal rate of return (IRR) is 49,1 %. The Feasibility Study is based on a US$17 300 per ton tin price.

Development of the mine is expected to result in the employment of approximately 700 people during construction and to create approximately 450 permanent local jobs during operations. “Already the positive impact of Alphamin is leading to vastly improved governance, security, safety and increased economic activity in the Walikale region of North Kivu,” explained Kamstra. “The catalytic nature of Alphamin’s commitment to and investment in the post-conflict region of the eastern DRC will brings synergies with the other humanitarian, stabilisation and development funding and initiatives of the GDRC and multiple donors (including the World Bank, European Union, United States Agency for International Development, the United Kingdom’s Department for International Development and others).”

Alphamin reported earlier this year that it had commenced the construction of the mine boxcut and upgrade of the access road following the mobilisation of two earthworks contractors to site, and the appointment of the Phase 1 mining contractor.

It is envisaged that the Mpama North orebody at Bisie will be mined using proven underground mechanised mining methods to deliver ore to the process plant at an expected rate of 25 to 35 kt/month. The process design is based on recovery of tin into concentrate through conventional gravity separation methods.

Contact Modern Mining

Title: Editor
Name: Arthur Tassell
Email: mining@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

Title: Advertising Manager
Name: Bennie Venter
Email: benniev@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

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