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Category: Tin

DRC's Main Mining Exports Witnessed Price Decline Last Week 1 Mining in DRC Gold Tin 

DRC’s Main Mining Exports Witnessed Price Decline Last Week

Constance
The average prices of the primary mining export products from the Democratic Republic of Congo exhibited a downward trajectory on the international market last week, from February 12 to 17, 2024, as projected by experts from the Commission Nationale des Mercuriales du Ministry of Foreign Trade. Tin witnessed a slight improvement during the week, trading at 25,805 USD per tonne compared to 25,602 USD per tonne the previous week, marking an increase of 202 USD. Gold also experienced an upward trend, reaching 65.72 USD per gram, up from 65.56 USD… Read More Here
Rome Resources Ventures into DRC's Tin Assets Through London Partnership 2 Mining in DRC Tin 

Rome Resources Ventures into DRC’s Tin Assets Through London Partnership

Constance
Rome Resources, a company actively engaged in tin exploration in the Democratic Republic of Congo (DRC), has unveiled its plans to acquire interests in promising tin assets located in North Kivu. This move is anticipated to significantly impact the African tin production landscape, with the arrival of a London-listed company potentially drawing increased investments into the sector. On November 30, Rome Resources made public the signing of a non-binding memorandum of understanding with Pathfinder Minerals, a British company listed on the AIM market of the London Stock Exchange. The memorandum… Read More Here
NGOs Urge EU to Mandate Traceable Imports from DRC Mines 3 Mining in DRC Gold Tin 

NGOs Urge EU to Mandate Traceable Imports from DRC Mines

Constance
More than six years after its entry into force, the European Union regulation on the responsible sourcing of tin, tungsten, tantalum and gold from conflict or high-risk areas is struggling to achieve its main objectives, namely breaking the link between mineral exploitation and conflict financing, as well as tackling human rights violations in supply chains, NGOs say. Twenty European non-governmental organizations have jointly issued a statement calling on the EU and its member states to strengthen enforcement of existing rules and adopt new measures to improve supply chain transparency while… Read More Here
Tin Prices to Hit USD 25,430.00 per Tonne in DRC This Week 4 Mining in DRC Cobalt Copper Economy Tin 

Tin Prices to Hit USD 25,430.00 per Tonne in DRC This Week

Constance
The general trend of mining products exported from the Democratic Republic of Congo (DRC) is downward during the period from August 28 to September 2, 2023 on international markets. According to experts from the National Mercurial Commission of the Ministry of Foreign Trade, only copper and silver should experience a slight price increase respectively to 8,269.60 USD against 8,232.45 USD per tonne a week earlier, i.e. a positive price difference of around 37.15 USD for copper and 0.75 USD against 0.74 USD per gram for silver ore. In addition, tin… Read More Here
Alphamin Dominates DRC's Tin Exports with 93% Share 5 Tin Mining in DRC 

Alphamin Dominates DRC’s Tin Exports with 93% Share

Constance
At the end of compiling its statistical data, the mining company Alphamin Resources dominates the industrial tin sector with 93% of total exports (industrial and artisanal). Considered a major in the tin sector in the DRC, Alphamin’s operations recorded a slight drop of 1% in the second quarter of the current year, expecting a delivery of 3,151 tons. However, for the year as a whole, experts’ forecasts remain optimistic about the future of the mining company’s operations. The way things are generally going, experts warn, Alphamin Resources’ operations could exceed… Read More Here
Tin price climbed to USD 26,555 per tonne last week 6 Tin 

Tin price climbed to USD 26,555 per tonne last week

Constance
Tin maintained its upward trend that started a few weeks ago. According to projections by the National Mercurial Commission of the Ministry of Foreign Trade, this ore traded around 26,555 USD per tonne against 25,899 USD per tonne last week, i.e., a positive price difference of 656 USD. The same source noted that the majority of mining products exported from the Democratic Republic of Congo (DRC) experienced an upward trend during the period from June 19 to 24, 2023. The price per tonne of copper is expected to trade at… Read More Here
DRC Sets Record with 32,854.59 Tonnes of Tin Production in 2022 7 Mining in DRC Tin 

DRC Sets Record with 32,854.59 Tonnes of Tin Production in 2022

Constance
A total of 32,854.59 tonnes of tin were produced in the Democratic Republic of Congo (DRC) during the year 2022, informs the Technical Unit for Coordination and Mining Planning of the Ministry of Mines (CTCPM). According to the same source, these total exports of tin concentrates by mode of exploitation (industrial and artisanal) during the 2022 financial year generated revenues of around 428.8 million US dollars. Exports of tin concentrates from industrial exploitation for the 2022 financial year are estimated at 24,307.88 tonnes, or 73.99% of the total exploitation of… Read More Here
Global: Tin prices surge to 33,394.18 USD per ton, marking a 10% rise 8 International Tin 

Global: Tin prices surge to 33,394.18 USD per ton, marking a 10% rise

Constance
Tin prices climbed 10% on Tuesday, April 18, 2023, to reach the bar of 33,394.18 USD per ton on the Shanghai stock exchange in China. According to specialists in the sector, the suspension of mining in Burma is the cause of fears over supply. In London, tin is posting a 3.9% gain this week and is trading at $28,440 a tonne, a level not seen since February 2023. “In Shanghai, tin prices climbed more than 10% on Tuesday, reaching their highest level in 2 months. The most traded contract (May expiry)… Read More Here
Tin expected to trade at USD 25,970 per tonne this week in DRC 9 Mining in DRC Tin 

Tin expected to trade at USD 25,970 per tonne this week in DRC

Constance
Tin, one of the main mining products exported from the Democratic Republic of Congo (DRC) should record an increase in its price this week on the international market. According to projections made by experts from the National Commission of Mercurial Prices of the Ministry of Foreign Trade, tin should trade at 25,970 USD per ton this week against 24,480 USD per ton last week, an increase of 1 $490. This rise in tin prices should continue to delight the economy of the Democratic Republic of Congo, which is largely based… Read More Here
Tin Expected to Decline to $26,681 per Tonne This Week 10 Mining in DRC Tin 

Tin Expected to Decline to $26,681 per Tonne This Week

Constance
According to the report of the experts of the National Commission of Mercurial Prices of the Ministry of Foreign Trade, the ore of tin should register a significant drop this week on the international markets. Indeed, the tin exported by the DRC should trade at 26,681 USD per tonne this week against 27,715 USD per tonne last week, a negative price difference of 1,034 USD. It should be noted that this week does not bode well for the main mining products exported from the Democratic Republic of Congo (DRC). Apart… Read More Here

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