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Category: Tin

AVZ Minerals scores long-awaited Manono Project license 1 Battery Metals Lithium Mining in DRC Tin 

AVZ Minerals scores long-awaited Manono Project license

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AVZ Minerals Limited (ASX: AVZ, OTCQX: AZZVF) (AVZ or Company) is pleased to announce that the Minister of Mines has issued the Ministerial Decree to award the Permit d’Exploitation (PE or Mining Licence) for its flagship Manono Lithium and Tin Project (Manono Project). Dathcom Mining SA is 75% owned by AVZ International Pty Ltd, a wholly owned subsidiary of AVZMinerals Limited.Award of the Mining LicenceThe signing of the Ministerial Decree to award the Mining Licence to Dathcom Mining SA (Dathcom), in which AVZ holds a 75% interest via its wholly… Read More Here
Alphamin kicks off potential sale as tin prices surge 2 International Mining in DRC Tin 

Alphamin kicks off potential sale as tin prices surge

admin
Alphamin Resources Corp., one of the world’s largest tin miners, has kicked off a potential sale of the company as prices of the metal surge, people with knowledge of the matter said.  Canadian-listed Alphamin, which is working with boutique advisory firm Cutfield Freeman & Co., has sent out marketing materials to prospective bidders, the people said. It has asked for initial offers by the end of the month, according to the people, who asked not to be identified because the information is private. Alphamin jumped 16% to C$1.30 a share… Read More Here
World: up, the ton of tin goes from 43,375.00 USD to 44,448.00 USD this week 3 International Tin 

World: up, the ton of tin goes from 43,375.00 USD to 44,448.00 USD this week

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According to projections by experts from the National Commission for Mercurial Prices of the Ministry of Foreign Trade, the price of tin should experience a significant increase on the international market for the period from April 18 to 23, 2022. According to this table of prices of mining export products from the Democratic Republic of Congo (DRC) the ton of tin should trade at 44,448.00 USD this week against 43,375.00 USD the same quantity the week last. Tin thus records a positive price margin of around 1,073 USD during this… Read More Here
Walikale territory in the DRC produced more than 48,000 tonnes of tin between 2019 and 2022 4 Mining in DRC Tin 

Walikale territory in the DRC produced more than 48,000 tonnes of tin between 2019 and 2022

arnbethnic
The territory of Walikale located in the province of North Kivu in the Democratic Republic of Congo (DRC) has produced 48,715.54 tonnes of tin since 2019 to date, informs Mrs. Antoinette N’Samba, Minister of Mines. According to the Congolese Minister of Mines who answered the oral question with debate sent to her by Senator Victorine Lwese Bakuamoyo on mining in the DRC, this production generated more than 618.8 million USD. As for the concerns raised by the senator on the distribution of profits from the mining royalty of the territory… Read More Here
Alphamin's shares rise on expected increase in first-quarter Ebitda 5 Mining in DRC Tin 

Alphamin’s shares rise on expected increase in first-quarter Ebitda

admin
Tin miner Alphamin Resources’ share price on the JSE rose by more than 9% on April 5 after the company announced that it expected to report record earnings before interest, taxes, depreciation and amortisation (Ebitda) of $98-million for the quarter ended March 31 – a 32% quarter-on-quarter improvement. Contained tin production of 3 061 t was in line with the previous quarter. Underground mining continued to deliver steady results and processing plant recoveries increased to 78% from 75% in the prior quarter. Contained tin sales increased by 9% quarter-on-quarter to 3 336 t at an… Read More Here
Market: the main mining products continue to improve on the market this week, zinc at more than 42,600 USD per tonne 6 Mining in DRC Coltan Copper Tin Zinc 

Market: the main mining products continue to improve on the market this week, zinc at more than 42,600 USD per tonne

admin
This week from April 4 to 9, 2022, the main mining export products of the DRC remain in good shape, according to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade. Copper still on the rise at 10,332 USD per tonne against 10,247 USD per tonne last week, resulting in a price difference of 85.45 USD. Cobalt is also up this week at 82,067 USD per tonne against 81,619 USD per tonne last week, a price difference of 448 USD. Zinc is also trading higher… Read More Here
Alphamin to proceed with Mpama South mine development 7 Mining in DRC New Mining Projects Tin 

Alphamin to proceed with Mpama South mine development

admin
Tin miner Alphamin Resources on March 29 said it had taken the decision to proceed with the development of the Mpama South mine and processing plant in the Democratic Republic of Congo. Alphamin is targeting first tin production at Mpama South by December 2023. The mine is estimated to produce contained tin of 7 232 t/y at an estimated all-in sustaining cost of $15 188 /t. The mine is expected to deliver earnings before interest, taxes, depreciation and amortisation of about $187-million a year at an assumed tin price of $40 000/t. Alphamin… Read More Here
DRC: AVZ Minerals raises USD 17.8 million for the expansion of its Manono Lithium and Tin project 8 Battery Metals Lithium Mining in DRC Tin 

DRC: AVZ Minerals raises USD 17.8 million for the expansion of its Manono Lithium and Tin project

admin
AVZ Minerals said it has secured funding of around US$17.8 million to accelerate work on its Manono Lithium and Tin project in the province of Haut-Katanga in the Democratic Republic of Congo (DRC). According to AVZ Minerals, these funds raised will finance the initial construction of the mine and the continuation of the exploration program at Manono. Of the total expenditures to be incurred during the current fiscal year, AVZ Manono expects an envelope of approximately 13.5 million USD for the upgrading of existing roads and bridges to help transport… Read More Here
DRC: Alphamin Resources needs capital of USD 116 million to develop its Mpama Sud tin project 9 Mining in DRC Mining Companies Tin 

DRC: Alphamin Resources needs capital of USD 116 million to develop its Mpama Sud tin project

admin
According to the results of the preliminary economic assessment (PEA) of mining company Alphamin Resources’ Mpama Sud tin project in the Democratic Republic of Congo (DRC), the company will need at least US$116 million to develop this project. This was revealed by the mining company on Monday, March 7, 2022, when publishing the results of the PEA of the said project. The same results also indicated that the deposit hosts sufficient resources to support an annual contained tin production of 7,000 tonnes. Indeed, Alphamin already produces tin in the DRC… Read More Here
World: 1447.5 USD to pay more for a ton of Tin this week 10 International Tin 

World: 1447.5 USD to pay more for a ton of Tin this week

admin
The price per tonne of Tin should experience a significant increase on the international market during the second week of March 2022. In its report for the week from March 7 to 12, 2022, the National Mercurial Commission of the Ministry of Foreign Trade informs that most of the mining products exported from the Democratic Republic of Congo should register a price increase on the international market. According to this document, Tin is expected to fall from 44,279.50 USD per ton last week to trade at 45,727.00 USD per ton… Read More Here

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