Published: October 25, 2017 |

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Alphamin Resources Corp. is on track to deliver on the commitment to develop the first large commercial tin mine in the eastern Democratic Republic of Congo 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 and the mine will reach steady state production towards the end of 2019. The project is already bringing substantial benefit to local communities and holds promise of attractive returns for investors for many years to come.

Alphamin 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.

Minister Professor Kitakya expressed his support for the Alphamin Bisie Tin Mine project and the value that the project already brings to the Walikale territory in North Kivu in the Democratic Republic of Congo. He welcomed the prospect of increasing the North Kivu tin production and in the country.

“ABM will double the DRC’s exports of tin by 10,000 tons per year. The mine holds significant value for the region as it brings local and regional employment while adding to the region’s infrastructure and social well-being. Examples of such value includes the building of the Luuka Primary School at Logu-walikale, substantial upgrade of the region’s roads and the provision of cell phone connectivity to the area. Through the Lowa Alliance, 115 development projects are partially financed by a percentage of the ABM operational expenses,” said Minister Professor Kitakya.

“Alphamin has the best tin orebody in the world, in a commodity with solid future prospects, managed by an experienced team, supported by well capitalised investors, who are astute industry specialists, in an area with abundant resources that is poised for rapid economic growth,” said Boris Kamstra, CEO of Alphamin.

“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,” added Kamstra.

The project is on track and the development is about to enter the underground construction of the industrial mine development.

Kamstra says that unlocking the potential of the mine holds local and international benefit.

“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 remain complex,” said Kamstra.

“Consumer companies will need to secure future supply. The Bisie tin deposit is one of the largest and most significant tin deposits in the world - providing the ideal foundation to build a premier tin producer on,” added Kamstra.

The Alphamin operation is the manifestation of what conflict mineral legislation aimed to achieve. Responsible procurement is the order of the day and the normal way of working at the Alphamin Bisie Tin Mine project.

“Alphamin is already the largest local employer in the region and adding value to the area through job creation, construction, connectivity and development of economic infrastructure,” said Kamstra.

The project is already a catalyst for regional economic growth and holds more positive promise for years to come. Alphamin is committed to contributing to the stability and economic activity in North Kivu.

“Alphamin, with its Bisie mine, contributes significantly to benefit the community and other stakeholders alike. Local communities strongly support the development of the project, as it will create employment and facilitate the development of supportive infrastructure in North Kivu. Local community support is further enhanced through the Lowa Alliance, a not-for-profit foundation that drives comprehensive and ongoing economic and social development, which is funded by ABM, donations and the local communities,” said Kamstra.

Minister Professor Kitakya recognizes the major challenges facing the region including insecurity, inadequate legal and regulatory frameworks, land locked enclaves, inadequate infrastructure, fraud and contraband and declining exchange rates. However, he stresses that a lot is being done to overcome these challenges by working with industrial mining companies like Alphamin.

“We created a special committee to support the development of the Alphamin Tin Mine at Bisie, the CAIMB, which includes 27 DRC Government divisions and ministries. We also supported and co-led the anti-fraud investigation and reform of the implementation of the CNLFM/P which focused on eliminating fraud of ABM minerals to maintain integrity of conflict-free supply chains, peaceful migration of ASM miners to legal and viable sites,” said Minister Professor Kitakya.

According to the updated feasibility study, the responsible development and operation of the Alphamin Bisie tin 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,” said 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, stabilization 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),” added Kamstra.

Alphamin is a proud subscribing participant in the Voluntary Principles on Security & Human Rights, recognizing the importance of the promotion and protection of human rights and the constructive role business and civil society can play in advancing these goals.

“Alphamin’s development will fundamentally transform the local economy, social conditions and underlying governance of the Walikale Territory and North Kivu Province,” said Kamstra.

About Alphamin
Alphamin is a tin exploration and development company with the vision to be respected in the international tin sector by unleashing the full profit and potential of its world-class tin asset in North Kivu, DRC currently under development.

To stop by Alphamin’s website, CLICK HERE

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