Tin - Copperbelt Katanga Mining

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

Gold Mining in DRC Regional conflict Tin

UN Warns Companies of Sanctions Over Conflict Minerals from Central Africa

July 9, 2024July 9, 2024 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

International Tin

Andrada Mining Sees Production Surge Amid Strategic Expansion Plans

June 25, 2024June 25, 2024 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

Mining in DRC Tin

DRC Lawyers Pursue Apple Over Alleged 3T Mineral Laundering

May 22, 2024May 27, 2024 Constance

Lawyers representing the Democratic Republic of Congo (DRC) have secured government approval to explore legal avenues against tech giant Apple. The case centers on the alleged laundering of critical minerals—tin, tantalum, and tungsten—through Rwanda and private entities within Apple’s supply chain. Led by Robert Amsterdam (Amsterdam and Partners LLP, Washington DC) and William Bourdon (Bourdon et Associés, Paris), the DRC legal team claims to possess compelling evidence related to these so-called “blood” minerals. Whistleblowers have stepped forward, corroborating existing information about Apple’s operations in the DRC. The lawyers express concern… Read More Here

Mining in DRC Cobalt Coltan Regional conflict Tin

Opposition Leader Martin Fayulu Accuses Rwandan Army of Collusion with M23 in Rubaya

May 3, 2024May 3, 2024 Constance

Opposition figure Martin Fayulu has condemned the presence of the Rwandan army alongside M23 militants in the mining town of Rubaya, located in the Masisi territory of North Kivu province. Fayulu, expressing his criticism via his X account, accused the Rwandan M23 army of controlling Rubaya, suggesting Rwanda’s increased access to Congolese coltan. Amidst this, Fayulu highlighted the plight of Congolese citizens affected by floods in Kalemie and Uvira, denouncing the government’s apparent lack of assistance and expenditure on unnecessary trips. Rubaya, known for its rich mineral resources including coltan,… Read More Here

Mining in DRC Coltan Regional conflict Tin

M23 Rebels Seize Control of Coltan Mining Town in Eastern DRC

May 2, 2024May 2, 2024 Constance

M23 rebels in the eastern Democratic Republic of Congo have captured Rubaya, a vital mining town known for its coltan reserves, following days of intense conflict, according to a rebel spokesperson. Eastern Congo has endured violence since the 1990s, fueled by struggles over identity, ethnicity, and resources, resulting in millions of deaths and the emergence of numerous armed groups. Willy Ngoma, the spokesperson for the Tutsi-led M23 militia, stated that they had taken control of Rubaya in North Kivu province after confronting other armed factions, including the Forces for the… Read More Here