https://www.miningweekly.com

Alphamin receives approval for further $25m drawdown

4th October 2018

By: Creamer Media Reporter

     

Font size: - +

Alphamin Resources has satisfied the conditions required to draw down an additional $25-million under a previously announced credit facility of up to $80-million.

The drawdown will take the total amount drawn under the credit facility to $60-million.

The remaining $20-million is expected to be drawn in December.

The funds will be applied towards the development of the Bisie tin project, in the Democratic Republic of Congo. The mine is expected to start production in the first half of 2019 and will produce about 9 642 t/y of tin. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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