https://www.miningweekly.com

Alphamin executes term sheets for $80m in funding for DRC tin project

18th May 2017

By: Anine Kilian

Contributing Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – TSX-V-listed Alphamin has executed nonbinding term sheets for $80-million of project debt for its 10 000 t/y Bisie tin project, in the Democratic Republic of Congo (DRC).

Construction on the project, which will reach full production in 2019, started in the first quarter of this year and the company expects the mine’s development to cost some $120-million.

Alphamin is working diligently towards securing unconditional commitments from the potential lenders.

“I am confident that the potential lenders’ due diligence processes will be completed to their satisfaction and look forward to working together with the parties to timeously secure unconditional commitments for these facilities,” CEO Boris Kamstra said this week.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.133 0.17s - 88pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: