01 Jun Alphamin tin mine back in the pound seats (TSXV:AFM) (JSE: APH)
Bisie, located in the North Kivu Province of the Democratic Republic of the Congo (DRC), is currently producing roughly 3% of the worlds tin supply. The mine was commissioned in April 2019 and commercial production got underway in September 2019. Since then, Bisie has been churning out more than 23 000 tonnes (t) Run of Mine (RoM) ore per month. Located in one of the most remote regions of Central Africa, it took Alphamin less than six years to build what is today the highest-grade tin producer in the world.
Despite the relatively low tin price, several new targets in Africa have been identified and the tin space has become pretty congested as more junior mining companies enter the fray. However, up to now, only Alphamin and AIM listed AfriTin have managed to deliver significant amounts of tin concentrate to the international market.
Publication: Core Consultants