Tin - Copperbelt Katanga Mining

Alphamin’s tin output up 10% q/q, cash up 6 486%

January 11, 2022January 11, 2022 Janet

JSE- and TSX-V-listed tin miner Alphamin Resources, which owns and operates the Mpama North mine in the Democratic Republic of Congo, increased its contained tin production by 10% quarter-on-quarter to 3 114 t in the fourth quarter ended December 31. A producer of 4% of the world’s mined tin, the miner also increased its contained tin sales during the period by 13% to 3 056 t, while its earnings before interest, taxes, depreciation and amortisation guidance was a record $74-million – up 38% from the third quarter. Quarter-on-quarter, Alphamin’s net cash increased… Read More Here

DRC: among mining products, only tin and tantalum are up this week from November 29 to December 4, 2021

November 30, 2021November 30, 2021 Janet

Export mining products from the Democratic Republic of the Congo show a downward trend this week from November 29 to December 4, 2021, according to projections by experts from the National Mercury Commission of the Ministry of Foreign Trade. Only tin is up this week at $ 39,655.00 per tonne versus $ 38,968.00 per tonne last week, showing a positive price spread of $ 687. Copper is down this week at $ 9,603.40 per tonne from $ 9,803.30 per tonne last week, a negative price spread of $ 199.9. Cobalt… Read More Here

Mining in DRC New Mining Projects Tin

Alphamin progresses DRC exploration, identifies cassiterite intercepts at Mpama North

November 9, 2021November 9, 2021 Janet

Dual-listed Alphamin Resources, which produces about 4% of the world’s mined tin from its operations in the Democratic Republic of Congo (DRC), has identified a strike extension at its Mpama North mine, from visual cassiterite drilling intercepts. Additionally, the Mpama South high-grade assay results were received and now include drilling intercepts within 200 m of the Mpama North orebody. Indications following these results note that Mpama South and Mpama North are zones of high-grade mineralisation offset and displaced by a fault, and that the areas now have the potential for… Read More Here

Battery Metals Lithium Mining in DRC Tin

AVZ Announces Quarterly Activates for the period ended 30 Sept 2021.

October 29, 2021October 29, 2021 Janet

AVZ Minerals Limited (ASX: AVZ, “the Company”) presents its Quarterly Activities Report for the period ended 30 September 2021 and is pleased to provide the following commentary and update to shareholders.AVZ Managing Director, Mr. Nigel Ferguson said: “The cornerstone investor deal with CATH marked one of the most significant days in our Company’s short history and clearly indicated to the world how important our Manono Lithium and Tin Project is.”“AVZ is very excited to have someone of the calibre of Mr. Pei Zhenhua and Contemporary Amperex Technology Limited (“CATL”) as… Read More Here

Battery Metals Lithium Mining in DRC Tin

Manono Lithium and Tin Project Corporate Update

October 20, 2021October 20, 2021 Janet

AVZ Minerals Limited (ASX: AVZ or “the Company”) is pleased to provide an operational update on the progress of various matters relating to its flagship Manono Lithium and Tin Project (“Manono Project”).Transaction Implementation Agreement (“TIA”) As previously announced on 27 September 2021, the Company has entered into a deal with CATH to develop the Manono Project.Proceeds from the transaction will fund a majority of project development capital. CATH has now paid the US$20 million break fee (held in an escrow account). The completion of the transaction is subject to the… Read More Here

Cobalt Copper Gold Mining in DRC Tin

DRC: copper, cobalt, gold, zinc, … on the rise this week on the international market

October 19, 2021October 19, 2021 Janet

All the main mining products of the Democratic Republic of Congo show an upward trend this week, going from October 18 to 23, 2021, on the international market, inform the projections of the Commission Nationale des Mercuriales of the Ministry of Foreign Trade. Copper is trading this week at $ 9,325.20 per tonne versus $ 9,147 per tonne last week, up $ 178. Likewise, cobalt is up to $ 52,879 per tonne from $ 52,469 per tonne last week, a positive price spread from the Order of $ 410. Zinc… Read More Here

Cobalt Gold Tin Zinc

DRC: cobalt, zinc and tin on the rise this week on the international market (Mercuriales)

October 8, 2021October 8, 2021 Janet

Three main export products from the Democratic Republic of Cogo show an upward trend while the others are either falling or stable on the international market in the week from October 4 to 9, 2021, according to forecasts by the National Mercurial Commission of Ministry of Foreign Trade. Cobalt is trading this week at around $ 52,480.00 per tonne versus $ 51,741.00 per tonne last week, a positive price spread of $ 39. Zinc is also up to $ 3,066.00 per tonne this week from $ 3,048.00 per tonne last… Read More Here

Cobalt Gold Mining in DRC Tin

DRC: gold, tin and cobalt up on the market this week (Mercuriales)

September 27, 2021 Janet

Three of the Democratic Republic of the Congo’s main export mining products show an upward trend during the week from September 27 to October 2, 2021, according to projections by the National Commission of Mercurial Prices of the Ministry of Foreign Trade. Cobalt will trade this week at 51,741 USD per tonne against 50,826 USD per tonne last week, a positive price differential of 913 USD. Likewise, tin is selling this week for around $ 34,925 per tonne against $ 34,113 last week, a price increase of $ 812. As… Read More Here

Battery Metals Lithium Mining in DRC New Mining Projects Tin

AVZ lands $240m for DRC lithium project

September 27, 2021September 27, 2021 Janet

Shares in AVZ Minerals rose on Monday, as the ASX-listed company announced that it had secured $240-million from a Chinese investment entity to develop its lithium and tin project in the Democratic Republic of Congo (DRC). The developer announced that CATH Energy Technologies (CATH), a private investment entity jointly owned by Pei Zhenhua and Contemporary Amperex Technology Co Limited (CATL), would earn a 24% equity interest in a multi-faceted joint venture to develop the Manono lithium and tin project. CATH would pay $240-million cash for its 24% equity interest and a further amount to fund its pro-rata… Read More Here

Tin International

Tin price hits record highs at $ 35,955 per tonne

August 19, 2021August 19, 2021 Janet

Tin continues to be the unexpected star of industrial metals this year. As the broader metals rally shows signs of abating, tin continues to hit new all-time highs in the London and Shanghai markets. The London Metal Exchange (LME) three-month tin last week hit $ 35,955 per tonne, eclipsing the previous high of $ 33,600 from 2011. Currently trading around $ 35,400 per tonne, tin is up 68% from the start of the year. Aluminum is far behind with gains of 27% since the start of the year. LME tin inventories failed… Read More Here