Latest news with #AlphaminResourcesCorp
Yahoo
13-05-2025
- Business
- Yahoo
ALPHAMIN PROVIDES OPERATIONAL RESTART UPDATE
GRAND BAIE, MAURITIUS, May 12, 2025 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX) (the 'Company') is pleased to provide an update following the resumption of tin concentrate production on 15 April 2025. The Company's Bisie tin mine produced 1,290 tonnes of contained tin during the period 15 April 2025 to 11 May 2025 at targeted processing recoveries. Tin production recommenced through the treatment of run-of-mine ore stockpiles, initially from the Mpama North plant folllowed by a restart of the Mpama South plant on 19 April 2025. Blasting and tramming of ore from underground commenced during the last week of April 2025 while mine development rates are in the process of increasing to plan. Since the mine restart, the first fully documented and approved for export lots of tin concentrate departed by truck on 9 May 2025. Qualified Persons Mr. Clive Brown, Pr. Eng., Engineering (Mining), is a qualified person (QP) as defined in National Instrument 43-101 and has reviewed and approved the scientific and technical information contained in this news release. He is a Principal Consultant and Director of Bara Consulting Pty Limited, an independent technical consultant to the Company. FOR MORE INFORMATION, PLEASE CONTACT: Maritz SmithCEOAlphamin Resources +230 269 4166E-mail: msmith@ Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Sign in to access your portfolio
Zawya
11-04-2025
- Business
- Zawya
US firm Alphamin resumes tin mining in M23 zone after Boulos visit
American mining firm Alphamin has resumed operations in M23-occupied Walikale in eastern Congo, following the visit of Donald Trump's envoy to the Great Lakes region. In a press briefing in Kigali, Rwanda, on Tuesday evening, Trump's senior adviser for Africa, Massad Boulos, announced that his visit to the region was partly to help push the resumption of mining in Alphamin-controlled tin mines, which the miner abandoned in early March as the rebels advanced."We've seen in the last three weeks Alphamin has had to shut down operations, which affected the global market for tin specifically. It is very sad to see such a large operation employing thousands and thousands of people, helping the community and the country it operates in, including neighbouring countries, shut down operations,' Boulos said after meeting with President Felix Tshisekedi."We've seen the progress made in recent days, and that's excellent. We hope that the company will resume or make some announcement soon with regards to resuming their operations. We definitely encourage them to resume,' he said. On Wednesday, Alphamin Resources Corp announced a phased resumption of operations at the Bisie tin mine in Walikale District.'This decision was made after the withdrawal of insurgents eastward from the town of Walikale towards the towns of Nyabiondo and Masisi, more than 130km to the east of the Company's mine site. The company intends to redeploy employees as part of a plan to restart tin production in phases while it continues to monitor the security situation. The mine is adequately supplied with consumables and spares to support the resumption of production,' it said in a statement.'Following the orderly evacuation of the mine during mid-March 2025, the care and maintenance activities and tin concentrate export logistics continued without interruption. During the period 1 January 2025 to 8 April 2025, 4,500 tonnes of contained tin sold and exported, with 280 tonnes still in transit and limited concentrate stock currently on hand. Contained tin production of 4,270 tonnes was achieved during Q1 2025 until operations ceased on 13 March 2025 due to security concerns.'On ongoing dialogue efforts between the Congolese government and M23, he said: "We appreciate the dialogue that is ongoing, these are purely internal issues we hope they continue with the dialogue and continue in the right direction as we have seen recently. These are details that are being sorted by the parties in question and we encourage that. Our role is to encourage, to help in any way we can to support these talks and dialogue, we appreciate all the steps taken in this direction and we hope to see some positive results soon.'Boulos did not divulge details of the US's involvement in the talks mediated by Qatar. Previously, Washington has used back channels to influence meetings on the conflict in Qatar, between Rwanda and the DRC. The US is applying pressure on M23 and Rwanda Defence Forces to pull back from Northern Kivu, and Congolese army, FARDC, to stop using drones to bomb M23 positions, Boulos said."We are not involved in these details -- these are internal matters that they are engaged in dialogue about, it's not a question of pressure or no pressure it's a question of peace."We would like to see peace achieved, there are some good signs of hope in this regard, we would to see a lasting peace and stability in the region and within DRC and we encourage all steps in this direction.' © Copyright 2022 Nation Media Group. All Rights Reserved. Provided by SyndiGate Media Inc. ( Patrick Ilunga
Reuters
09-04-2025
- Business
- Reuters
Tin hits two-month low as major mine in Congo resumes production
LONDON, April 9 (Reuters) - Tin prices slumped to two-month lows on Wednesday after major producer Alphamin Resources Corp (AFM.V), opens new tab said it was launching a phased resumption of operations at its Bisie mine in Democratic Republic of Congo. A month ago, Alphamin ceased operations at Bisie, which produces about 6% of global tin supplies a year, as Rwanda-backed M23 rebels advanced nearby, taking the strategic town of Walikale. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. The insurgents have now withdrawn from Walikale, more than 130 km (80 miles) to the east of Alphamin's mine, the company said in a statement, opens new tab on Wednesday. Prices of the soldering metal on the London Metal Exchange (LME) tumbled 8.3% to $29,910 a metric ton by 1121 GMT, after hitting $29,705, its lowest since February 3. The fate of the Bisie mine in war-hit eastern Congo was a point of discussion during the recent visit to Kinshasa by U.S. President Donald Trump's senior Africa adviser, four sources briefed on the negotiations told Reuters. Alphamin will now redeploy employees to the mining site while it continues to monitor the security situation, the company said, adding that tin concentrate export logistics continued without interruption. Between January 1 and April 8, the company exported 4,500 metric tons of contained tin with 280 tons still in transit, Alphamin said. Its contained tin production totalled 4,270 tons in the first quarter until the mining suspension on March 13. Alphamin produced more than 17,000 tons of the metal used to make semiconductors last year.
Bloomberg
08-04-2025
- Business
- Bloomberg
US Envoy Sees Alphamin Reopening Congo Tin Mine as Rebels Depart
Alphamin Resources Corp. could soon resume operations at one of the world's biggest tin mines located in the Democratic Republic of the Congo after Rwanda-backed rebels withdrew from the area, a top US official said. 'We hope that the company will resume or make some announcement soon with regards to resuming their operations,' Massad Boulos, President Donald Trump's senior adviser for Africa, told reporters Tuesday in Kigali, the capital of Rwanda. 'We definitely encourage them to resume their operations.'
Yahoo
13-03-2025
- Business
- Yahoo
ALPHAMIN TEMPORARILY CEASES MINING OPERATIONS
GRAND BAIE, MAURITIUS, March 13, 2025 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX) (the 'Company') announced today that its board of directors has made the difficult decision to temporarily cease mining operations at the Company's Bisie tin mine in Walikale District, North Kivu Province of east-central Democratic Republic of the Congo (DRC). This decision was made after insurgent militant groups have recently advanced westward in the direction of the mine's location in the DRC occupying the towns of Nyabiondo on 9 March 2025, the capital of the Osso-Banyungu sector located ~110km northwest of Goma followed by Kashebere a further 13km west of Nyabiondo on 12 March 2025. The safety of the Company's employees and contractors remains its top priority and cannot be assured at the present time. All operational mining personnel are being evacuated from the mine site with only essential personnel to remain for the care, maintenance and security of the property. The Company is encouraged by the recent announcement that direct peace talks on the conflict are scheduled to be held in Angola on March 18, 2025. The Company will closely monitor events as they progress with a view to moving personnel back to the mine site and resuming operations when it believes it can safely do so. The Company will provide further updates when approriate. The Company, majority owned by United States of America (US) entities, has appointed a US firm to lobby for US diplomatic intervention regarding these security threats. This matter is progressing. The Company announced on January 17, 2025 that its financial results for the year ended December 31, 2024 would be released on or about March 14, 2025. The Company is evaluating the impact of the temporary cessation of mining operations on these financial disclosures and will not be in a position to release these results on the timing previously planned but currently does not anticipate that these filings will be materially delayed. By order of the Board CAUTION REGARDING FORWARD LOOKING STATEMENTS Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements contained herein include, without limitation, intention to resume mining operations when security conditions permit and timing for the filing of the Company's 2024 annual financial results. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to: the uncertainty of developments in and the outcome of the current civil unrest and security situation in the eastern Democratic Republic of the Congo as well as those risk factors set out in the Company's most recent annual Management Discussion and Analysis and other disclosure documents available under the Company's profile at Forward-looking statements contained herein are made as of the date of this news release and Alphamin disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. FOR MORE INFORMATION, PLEASE CONTACT: Maritz SmithCEOAlphamin Resources +230 269 4166E-mail: msmith@ Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Sign in to access your portfolio
