Bisie

ALPHAMIN ANNOUNCES Q1 2022 EBITDA OF US$98m/ TIN SOLD UP 9% TO 3,336 TONNES FOR THE QUARTER

Retrieved on: 
Friday, May 13, 2022
Risk, Company, EBITDA, Depreciation, Democratic republic, Environment, News, TSX Venture Exchange, Insurance, Government, Public expenditure, Nature, Transport, Mining, Marketing, Legislation, Weather, Corruption, Accident, Tin, Forward-looking statement, DRC, Maintenance, IFRS, AISC, Growth, Water, Cryptocurrency, Bisie

Such statements reflect the current views of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions.

Key Points: 
  • Such statements reflect the current views of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions.
  • This announcement refers to the following non-IFRS financial performance measures:
    EBITDA is profit before net finance expense, income taxes and depreciation, depletion, and amortization.
  • Net cash is defined as cash and cash equivalents less total current and non-current portions of interest-bearing debt and lease liabilities.
  • This measures the costs to produce and sell a tonne of contained tin plus the capital sustaining costs to maintain the mine, processing plant and infrastructure.

ALPHAMIN ANNOUNCES FILING OF UPDATED NI43-101 TECHNICAL REPORT

Retrieved on: 
Friday, April 22, 2022
News, Techno-economic assessment, Technical report, JSE, Technical, CSA, GLOBE, Tin, AFM, Company, Congo, National instrument, National Instrument 43-101, APH, SEDAR, Democratic republic, Uranium, Risk management, Bisie

GRAND BAIE, Mauritius, April 22, 2022 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX, Alphamin or the Company), a producer of 4% of the worlds mined tin1 from its high-grade operation in the Democratic Republic of Congo, is pleased to announce the filing of an updated National Instrument 43-101Technical Report for its Bisie tin project.

Key Points: 
  • GRAND BAIE, Mauritius, April 22, 2022 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX, Alphamin or the Company), a producer of 4% of the worlds mined tin1 from its high-grade operation in the Democratic Republic of Congo, is pleased to announce the filing of an updated National Instrument 43-101Technical Report for its Bisie tin project.
  • The Company has filed an updated Technical Report prepared in accordance with the requirements of National Instrument 43-101 (NI 43-101), Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators (CSA) on the Bisie tin project to support disclosures made in the Companys news release dated 07 March 2022 in relation to the outcomes of a Preliminary Economic Assessment and a maiden resource estimate for the Companys high-grade development project, Mpama South, located adjacent to the operating Mpama North mine.
  • The Company has filed the said report on the CSAs System for Electronic Document Analysis and Retrieval (SEDAR).

Alphamin Announces Q2 2021 EBITDA Guidance of US$34m and Production, Sales and Growth Projects Update

Retrieved on: 
Tuesday, July 6, 2021
Bisie

Our EBITDA guidance of $34m for Q2 2021 is 7% below Q1 2021 the previous quarter benefitted from a significant catch-up in tin sales following logistical bottlenecks during Q4 2020.

Key Points: 
  • Our EBITDA guidance of $34m for Q2 2021 is 7% below Q1 2021 the previous quarter benefitted from a significant catch-up in tin sales following logistical bottlenecks during Q4 2020.
  • Net debt amounted to $29.9m at 30 June 2021, down 50% from the start of the financial year (31 December 2020: $59.9m).
  • The Company has appointed Mr. Jan Trouw as the on-mine Managing Director of its 84.14% subsidiary, Alphamin Bisie Mining, effective 1 July 2021.
  • Fine Tin Recovery Plant (FTP) - The FTP is fully commissioned and produced at steady state from 26 June 2021.

Alphamin Provides an Update Following the Volcanic Eruption in Goma

Retrieved on: 
Wednesday, May 26, 2021
Volcanoes, Goma, Geography of Africa, Great Rift Valley, Lake Kivu, Virunga Mountains, Mount Nyiragongo, Bisie, Democratic Republic of the Congo

GRAND BAIE, Mauritius, May 26, 2021 (GLOBE NEWSWIRE) -- Alphamin Resources Corporation (AFM:TSXV, Alphamin, or the Company) wishes to express its sincere condolences to the people of Goma following the loss of life and damage caused by the eruption of the Nyiragongo volcano adjacent to the city of Goma.

Key Points: 
  • GRAND BAIE, Mauritius, May 26, 2021 (GLOBE NEWSWIRE) -- Alphamin Resources Corporation (AFM:TSXV, Alphamin, or the Company) wishes to express its sincere condolences to the people of Goma following the loss of life and damage caused by the eruption of the Nyiragongo volcano adjacent to the city of Goma.
  • The Companys Bisie tin mine is located some 200km to the West of the city of Goma with established import and export routes via Beni (350km north of Goma) in the DRC, through Uganda and ultimately Kenya.
  • These routes do not transverse via Goma and the export route is currently unaffected by lava flows.
  • The Company does operate a small support office in the city of Goma and all staff are accounted for, safe and continue to support the operations in their existing roles.

Alphamin Reports Extensive Visual Mineralised Intercepts on Drilling at Mpama South

Retrieved on: 
Friday, March 12, 2021
Mpama, Bisie

Main Zone mineralisation intercepted at Mpama South, based on a visual inspection and interpretation, is comparable to the mineralisation being mined at the high grade Mpama North Mine;

Key Points: 
  • Main Zone mineralisation intercepted at Mpama South, based on a visual inspection and interpretation, is comparable to the mineralisation being mined at the high grade Mpama North Mine;
    Additional drilling metres planned at Mpama South to increase size of the Main Zone and incorporate the Footwall Zone into a planned Maiden Mineral Resource estimate.
  • Drilling should commence in August 2021 on the establishment of an underground drill drive on Level 6;
    Two drill targets 6-8km south of Mpama North have been identified along the Bisie Ridge.
  • Mpama South is located 750m south of Alphamins operating mine.
  • Alphamin commenced its Mpama South exploration program with a 5,800 metre (25 drillholes) drilling campaign in December 2020.

Alphamin Announces Financial Results for the Quarter Ended June 2020/ Updates Corporate Matters

Retrieved on: 
Friday, August 7, 2020
Metallurgical processes, Environmental impact of mining, Tailings, Waste, Engineering, procurement, and construction, Mpama, Bisie, Articles, Economic sectors, Economy

Alphamin has appointed Obsideo (Pty) Ltd as its engineering, procurement and construction management (EPCM) contractor for the execution of its Fine Tin Project (FTP).

Key Points: 
  • Alphamin has appointed Obsideo (Pty) Ltd as its engineering, procurement and construction management (EPCM) contractor for the execution of its Fine Tin Project (FTP).
  • The FTP is focussed on treating the tailings stream from its gravity concentration plant at Bisie to recover the fine to ultra-fine tin particles.
  • Between 2012 and 2013, Alphamin drilled 19 drill holes for 3,364 metres to determine the extent and nature of the mineralization at Mpama South.
  • He is a Principal Consultant, Partner and Director of Sound Mining Solutions, an independent technical consultant to the Company.

Alphamin Initiates Resource Extension Drilling, Construction of a Fine Tin Recovery Plant and Increase in Ownership of its Flagship Tin Mine

Retrieved on: 
Wednesday, July 29, 2020
Metallurgical processes, Physical sciences, Chemistry, Tin mining, Tin, Tailings, Bisie, Engineering, procurement, and construction, Articles

This will increase Alphamins equity ownership of its flagship tin mine from 80.75% to 84.14%.

Key Points: 
  • This will increase Alphamins equity ownership of its flagship tin mine from 80.75% to 84.14%.
  • Alphamin has appointed Obsideo (Pty) Ltd as its engineering, procurement and construction management (EPCM) contractor for the execution of its Fine Tin Project (FTP).
  • The FTP is focussed on treating the tailings stream from its gravity concentration plant at Bisie to recover the fine to ultra-fine tin particles.
  • We believe we can increase plant throughput by another 10% through minor plant de-bottlenecking activities this could increase annual tin production to ~12,000 tonnes.

Leadership Changes and Commissioning Update

Retrieved on: 
Monday, August 12, 2019
Weapons, Naval warfare, Ship commissioning, Bisie, Naval mine, Needham, Massachusetts

Boris has led the Alphamin team through its development and mine build phase and has done an extraordinary job in extraordinary conditions.

Key Points: 
  • Boris has led the Alphamin team through its development and mine build phase and has done an extraordinary job in extraordinary conditions.
  • Building a team that is progressing mine commissioning.
  • Mr Needham, Chairman of Alphamin, stated that, This planned change in leadership personnel at Alphamin takes place as the mine completes its commissioning and starts to take its place as a significant and responsible producer of tin to the world.
  • It is also pleasing to report that the plant commissioning at Bisie is progressing along a positive trend line and production metrics have improved over the last 3 months.