Tin - Copperbelt Katanga Mining

Andrada Mining Secures $2.5M Loan to Boost Tin Production at Uis Mine 1

Andrada Mining, a tin producer with a portfolio of critical raw materials projects in Namibia, has secured a $2.5 million loan from LC Abelheim, acting as a trustee of the Orange Trust—Andrada’s largest shareholder. The funding will support the construction of a second 100 t/h tin processing jig plant at the company’s flagship Uis mine. This facility will include a three-stage primary crushing and screening circuit, a jigging section, and shaking tables, enabling the processing of a wider range of tin ore grades. To fast-track its tin expansion strategy, Andrada’s… Read More Here

DRC Tin Exports Reach $409 Million in First Nine Months of 2024

February 10, 2025February 10, 2025 Constance0 comment

Between January and September 2024, the Democratic Republic of Congo (DRC) generated $409 million from tin concentrate exports, according to a report from the Technical Unit for Coordination and Mining Planning (CTCPM), under the Ministry of Mines. In the third quarter of 2024, industrial mining dominated tin concentrate exports, accounting for 65% of total shipments and generating approximately $178.4 million. This reflects strong international demand for tin. Artisanal tin concentrate exports during this period originated primarily from Haut-Lomami (48%), followed by Maniema (26%), South Kivu (17%), Tanganyika (6%), and North… Read More Here

Mining in DRC News in Brief Tin

Tin Price in the DRC Sees Modest Increase Amid Sustained Demand

January 4, 2025January 4, 2025 Constance

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

Mining in DRC Gold Tin

Congolese Mining Sector Boosted by Rising Tin and Gold Prices

December 28, 2024December 28, 2024 Constance

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

Mining in DRC Economy Tin

Surge in Tin Prices Boosts DRC’s Export Economy

December 22, 2024December 22, 2024 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

International Corporate News Tin

Abu Dhabi’s IRH Eyes Stake in Alphamin Tin Operations

November 21, 2024November 21, 2024 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

Mining in DRC Gold Tin

DRC Targets Companies Sourcing Conflict Minerals from Eastern Region

October 8, 2024October 8, 2024 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

Mining in DRC Economy Tin

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

October 7, 2024October 7, 2024 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

Mining in DRC Tin

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

August 18, 2024August 18, 2024 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

Gold Mining in DRC Tin

Rising Tin and Gold Prices Signal Economic Boost for the DRC

August 14, 2024August 14, 2024 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