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Category: Tin

Tin Price in the DRC Sees Modest Increase Amid Sustained Demand 1 Mining in DRC News in Brief Tin 

Tin Price in the DRC Sees Modest Increase Amid Sustained Demand

Constance0 comment
The price of tin, the Democratic Republic of Congo’s (DRC) main export mineral, has experienced a slight rise this week. According to the latest figures from the National Mercurial Commission of the Ministry of Foreign Trade, the price of tin reached $28,637.50 per ton for the week of January 6 to 11, 2025. This marks a modest increase of 0.13% compared to the previous week. While the rise is small, it reflects ongoing strong demand for this essential metal, widely used in industries such as electronics and metallurgy. Read More Here
Congolese Mining Sector Boosted by Rising Tin and Gold Prices 2 Mining in DRC Gold Tin 

Congolese Mining Sector Boosted by Rising Tin and Gold Prices

Constance0 comment
The Congolese mining sector is experiencing a significant revival, driven by the recent surge in the price of tin on international markets. According to the latest data from the National Commission of Mercuriales within the Ministry of Foreign Trade, the price of a tonne of tin reached $29,306 USD during the week of December 23–28, 2024. This marks a 1.06% increase compared to the previous week. The Commission’s report also highlights that the price of tin stood at $28,998 USD per tonne during the week of December 16–22, 2024, reflecting… Read More Here
Surge in Tin Prices Boosts DRC's Export Economy 3 Mining in DRC Economy Tin 

Surge in Tin Prices Boosts DRC’s Export Economy

Constance
The Democratic Republic of Congo (DRC) has recently witnessed a significant rise in tin prices, a vital mineral for its export economy. According to the National Commission of Mercuriales, part of the Ministry of Foreign Trade, the price of tin reached $28,998 per ton between December 16 and 21, 2024, reflecting a 3.28% increase from the previous week’s price of $28,078. This upward trend in international markets could bring positive effects on the income of Congolese exporters and the overall national economy. The rise in tin prices comes amid growing… Read More Here
Abu Dhabi’s IRH Eyes Stake in Alphamin Tin Operations 4 International Corporate News Tin 

Abu Dhabi’s IRH Eyes Stake in Alphamin Tin Operations

Constance
Abu Dhabi’s International Resources Holding (IRH) is exploring an indirect stake in Alphamin, a Toronto- and Johannesburg-listed tin miner, according to a report by Bloomberg News. This potential investment would further expand IRH’s growing portfolio of mining interests. Alphamin’s majority shareholder, Denham Capital, which holds 57% of the company, is reportedly considering transferring its stake into an investment vehicle that could involve IRH. Alphamin operates the Bisie tin mine in the Democratic Republic of Congo, which is undergoing an expansion to produce approximately 20,000 tons of tin annually—accounting for about… Read More Here
DRC Targets Companies Sourcing Conflict Minerals from Eastern Region 5 Mining in DRC Gold Tin 

DRC Targets Companies Sourcing Conflict Minerals from Eastern Region

Constance
The Democratic Republic of Congo (DRC) plans to intensify its crackdown on companies sourcing minerals from the conflict-ridden eastern region, where smuggling fuels one of the world’s most severe humanitarian crises. The government has already raised concerns with Apple Inc. regarding the potential connection between its sourcing of metals like tin, tantalum, and gold and the ongoing violence in the DRC. These minerals, vital to the tech industry, are reportedly being smuggled through neighboring Rwanda, according to a Bloomberg report. In April, the DRC alerted Apple to possible conflict minerals… Read More Here
DRC Poised to Profit from Tin Price Surge as Alphamin Boosts Output 6 Mining in DRC Economy Tin 

DRC Poised to Profit from Tin Price Surge as Alphamin Boosts Output

Constance
The Democratic Republic of Congo (DRC) is well-positioned to benefit from a 34% rise in tin prices in 2024, driven by increased production at Alphamin Resources. The mining company reported a 28% growth in output, reaching 12,087 tonnes in the first nine months of the year, according to its latest figures. The price of tin surged to $33,810 per tonne on the London Stock Exchange, primarily due to supply disruptions in Indonesia and Myanmar, which together account for 40% of global tin production. This has created a significant opportunity for… Read More Here
Governor's Decision to Resume Tin Mining in North Kivu Sparks Controversy and Criticism 7 Mining in DRC Tin 

Governor’s Decision to Resume Tin Mining in North Kivu Sparks Controversy and Criticism

Constance
The decision by North Kivu Governor Jean-Jacques Perusi to authorize the resumption of tin mining activities has sparked significant controversy. National Deputy Trésor Lutala has strongly criticized the move. In a letter to the Governor, Trésor Lutala expressed deep concerns about the potential impact of this decision on local communities. He highlighted that the specifications meant to safeguard the interests of local populations and ensure responsible mining practices have not yet been signed by the involved companies. Lutala questioned the legality of lifting the suspension and worried that local populations… Read More Here
Rising Tin and Gold Prices Signal Economic Boost for the DRC 8 Gold Mining in DRC Tin 

Rising Tin and Gold Prices Signal Economic Boost for the DRC

Constance
The Democratic Republic of Congo (DRC), whose economy heavily depends on raw material exports, received a positive boost this week as tin prices saw a 0.92% increase on the international market. According to the Ministry of Foreign Trade, tin is now trading at $29,533.75 per tonne, up from $29,264.00 the previous week. Additionally, gold prices also rose, climbing from $77.25 to $78.58 per gram as of August 12. These price increases come after a period of relative stability in the international markets. Given the DRC’s reliance on mining exports, such… Read More Here
UN Warns Companies of Sanctions Over Conflict Minerals from Central Africa 9 Gold Mining in DRC Regional conflict Tin 

UN Warns Companies of Sanctions Over Conflict Minerals from Central Africa

Constance
Companies sourcing metals from central Africa may face UN sanctions for indirectly supporting the ongoing conflict in eastern Democratic Republic of Congo (DRC), according to a report by UN experts. The report highlights that Congo’s trade in gold, tin, and tantalum, a critical mineral used in portable electronics, directly funds armed groups involved in severe human rights abuses. This trade fuels one of the world’s deadliest conflicts. Over the past year, multiple armed groups have taken control of Rubaya, one of the world’s largest tantalum ore sites in Congo, rendering… Read More Here
Andrada Mining Sees Production Surge Amid Strategic Expansion Plans 10 International Tin 

Andrada Mining Sees Production Surge Amid Strategic Expansion Plans

Constance
Andrada Mining, listed on AIM and operating in Namibia, has marked a significant 14% quarter-on-quarter increase in saleable tantalum concentrate production to 9 tonnes for the first quarter of its 2025 financial year. This growth is part of the company’s latest operational update released on June 21, which also highlighted positive developments across its tin production and operational efficiency. During the quarter ended May 31, Andrada processed 237,976 tonnes of ore, up from 217,189 tonnes in the same period last year, reflecting a proactive approach to scaling operations. Tin concentrate… Read More Here

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