Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Alphamin Resources Corp. V.AFM

Alternate Symbol(s):  AFMJF

Alphamin Resources Corp. is a Mauritius-based company, which is engaged in the production and sale of tin concentrate from the Bisie Tin mine in the Democratic Republic of the Congo (DRC). The Company sells its product to one customer, Gerald Metals SA. The Company’s Mpama South development project is adjacent to the producing Mpama North mine and comprises a new underground development portal, processing plant and associated equipment. The Company has developed and brought the Bisie Tin Mine project in production. The Company’s subsidiaries include Alphamin Bisie Mining SA, Alphamin South Africa (Pty) Limited, Alphamin Holdings (BVI) Ltd, and Alphamin Holdings (BVI) Ltd.


TSXV:AFM - Post by User

Post by figtraderon Feb 25, 2023 9:21am
212 Views
Post# 35305043

from David Barouski’s 10/19/08 Presentation

from David Barouski’s 10/19/08 Presentation  The most valuable cassiterite deposits in the Congo are found in Walikale Territory.  They account for 70% of North Kivu’s cassiterite production. The most coveted deposit in WalikaleTerritory is located in Bisie or, as some researchers denote it, the Mpama/Bisie mine.  In addition to cassiterite, Bisie also contains smaller deposits of diamonds, uranium, gold, cobalt, and bauxite (or aluminum) ore.

This speech was given when chaos ruled in the area.
Even at that time Bisie was supplying 4% of the world's tin supply about equivalent to what Mpama NORTH is producing today through artisanal mining.
Cassiterite was discovered as early as 1910 so it is likely that other valuable discoveries like diamonds uranium gold cobalt bauxite have been known as well 
<< Previous
Bullboard Posts
Next >>