Tin-town: why Alphamin is coining it

Alphamin’s Bisie mine, on the verge of a bailout two years ago, is coining it due to a huge increase in the metal’s price

2022-01-23 10:12:00 AM

Alphamin’s Bisie mine, on the verge of a bailout two years ago, is coining it due to a huge increase in the metal’s price.

Alphamin’s Bisie mine, on the verge of a bailout two years ago, is coining it due to a huge increase in the metal’s price

David McKayShares in Alphamin Resources, a tin miner in the Democratic Republic of Congo (DRC), are on a tear. A company few have heard of outside mining circles now has a market capitalisation of almost R22.5bn, thanks to a 300% gallop in its share price over the past 12 months.

That’s remarkable, considering its position in 2020 when CEO Maritz Smith was praying for a higher tin price so the company could keep its Bisie mine going...BPremiumThis article is reserved for our subscribers.A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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20 January 2022 - 05:00 David McKay Shares in Alphamin Resources, a tin miner in the Democratic Republic of Congo (DRC), are on a tear. A company few have heard of outside mining circles now has a market capitalisation of almost R22.5bn, thanks to a 300% gallop in its share price over the past 12 months. That’s remarkable, considering its position in 2020 when CEO Maritz Smith was praying for a higher tin price so the company could keep its Bisie mine going... B Premium This article is reserved for our subscribers. A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily. Already subscribed? Simply sign in below.