African Mining Circle April 9 news: Speaking in the Rwandan capital Kigali, Massad Boulos, a senior US adviser on Africa, said that as Rwandan-backed M23 rebels withdrew from mining areas, Canadian-listed Alphamin Resources Corp. is expected to soon resume production at its world-class tin mine in the Democratic Republic of Congo. As a member of the Trump family (the father-in-law of Trump's daughter Tiffany), Buros is on a special mission in Central Africa. Bulos told the media that the U.S. government welcomed the imminent resumption of operations of Alphamin Resources and encouraged the company to announce plans to resume production as soon as possible. "We want to see such a business, which creates enormous economic value for the local community and the country, resume production as soon as possible," Bulos said. We are closely monitoring the situation and look forward to an early announcement on the resumption of production." Alphamin's Bisie Mine in the Democratic Republic of Congo is one of the largest tin mines in the world, producing 17,300 tonnes of tin ore last year, about 6 per cent of global supply. Alphamin suspended mining activities in March as M23 rebels approached the mine. Under pressure from the United States and the international community, the rebels have withdrawn from the area in recent days. The improvement of the security situation in the Bisie mining area has been closely linked to multilateral diplomatic efforts. Under the coordination of the United States, the Congolese government forces and the Rwandan-backed "March 23 Movement" reached a temporary ceasefire agreement, forcing the rebels to withdraw 20 kilometers from the area around the mine. Bulos said that the United States is pleased with the recent improvement in the situation and will continue to promote peace and stability in Congo (DRC), Rwanda and other regions. He stressed that the United States Government will fully support Alphamin's resumption of production, which is not only critical to the Congolese economy, but will also benefit neighboring countries. While Alphamin has yet to formally respond to plans to resume production, its shares have risen 27 percent since it announced the suspension of operations on March 13. As of Tuesday's close, the company's shares were trading at C $0.59 per share, after hitting a year-high of C $1.31 on Oct. 21. Alphamin, which is controlled by Denham Capital, a US and UK capital management firm, is one of the few US-linked mining projects in the DRC. A spokesman for Denham Capital told the Financial Times that the company is evaluating the security measures needed to resume production and expects to announce a specific timetable next week.
