Alphamin Resources (AFM: TSXV) says it will resume operations at its flagship tin mine in the Democratic Republic of the Congo as security concerns eased with reports of the African nation closing in on a deal with the US. The company’s shares surged on the news.
Operations at the Bisie tin mine — one of the largest in the world — were halted last month after the M23 rebel paramilitary group advanced nearby, taking the strategic town of Walikale and openly threatening the mine.
In recent months, the M23 rebels — which are allegedly backed by the Rwanda government — have taken several key areas of eastern Congo, including Goma, an important logistical hub city for mining in the region.
Hoping to put an end to the decade-long conflict with the M23, DRC President Félix Tshisekedi proposed a minerals-for-security deal with the United States. Discussions are currently advancing, with Massad…
