Alphamin Halts Mining at Bisie Tin Mine Amid DRC Conflict
TSX-V and JSE-listed Alphamin Resources has temporarily suspended mining operations at its Bisie tin mine in the Democratic Republic of Congo (DRC) due to escalating conflict in the region.
The company reported that insurgent militant groups advanced westward toward the mine site on March 9, posing a significant security risk. Prioritizing the safety of its employees and contractors, Alphamin stated that operations will remain suspended until the situation stabilizes.
Only essential personnel remain on-site to oversee care, maintenance, and security.
Alphamin also confirmed that peace talks between the governments of the DRC and Rwanda are scheduled for March 18 in Angola, and it will closely monitor developments before resuming normal operations.
Following the announcement, Alphamin’s share price on the JSE dropped by 25%.
