Tin - Copperbelt Katanga Mining

Walikale territory in the DRC produced more than 48,000 tonnes of tin between 2019 and 2022 1

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

Mining in DRC Tin

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

April 6, 2022April 6, 2022 Janet

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

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

April 5, 2022April 5, 2022 Janet

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

Mining in DRC New Mining Projects Tin

Alphamin to proceed with Mpama South mine development

March 30, 2022April 4, 2022 Janet

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

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

March 11, 2022March 11, 2022 Janet

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

Mining in DRC Mining Companies Tin

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

March 11, 2022March 11, 2022 Janet

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

International Tin

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

March 7, 2022March 7, 2022 Janet

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

Mining in DRC Lithium Tin

AVZ Minerals completes US$240 million cornerstone investment

February 16, 2022February 16, 2022 Janet

ASX-listed AVZ Minerals on Wednesday reached an agreement with private investment firm Suzhou CATH Energy Technologies over a $240-million investment into the Manono lithium and tin project, in the Democratic Republic of the Congo (DRC). The two companies in September last year struck a deal under which CATH will earn a 24% equity interest in a multi-faceted joint venture to develop the Manono project for a $240-million cash payment, and a further amount to fund its pro-rata portion of funding to develop the project. AVZ Minerals said on Wednesday that the parties have now agreed to… Read More Here

Tin International

Mines: tin at 42,500 USD per ton on the market, double the price at the same period in 2021

January 28, 2022January 28, 2022 Janet

A new year and a new record for the price of tin . The London Metal Exchange’s (LME) three-month tin hit its latest milestone of $44,200 a tonne on January 21 before suffering a bout of vertigo early this week. It has since regained its bullish calm, last trading around $42,500, still more than double the price at this time last year. Liquid metal continues to claim a significant additional premium. Tin is experiencing shortage prices, having been plagued by a protracted supply chain crisis since the start of the coronavirus. The shutdowns spurred demand… Read More Here

Aluminium Cobalt Copper Gold Iron Tin

Chart: How metals prices performed in 2021

January 25, 2022January 25, 2022 Janet

How Metals Prices Performed in 2021 Looking back on what gave investors strong returns in 2021, it was the year of industrial and energy metals. As demand for industrial goods surged, so too did their material metals. But unlike energy prices which rose across the board last year, not all metals managed positive returns. This infographic looks at the year-over-year return on metals prices from January 1 to December 31 of 2021, using pricing data tracked by Tradingeconomics.com. Inflation and Raw Material Demand Spur Industrial Metals Last year saw inflation hit 30-year highs… Read More Here