The Democratic Republic of Congo has promised to help Alphamin Resources Corp. to protect the world’s highest-grade untapped tin deposit.
Construction of the mine has already started in a remote part of North Kivu, an eastern province, and Alphamin intends to have the $152 million project fully funded by the end of the year, Chief Executive Officer Boris Kamstra said Tuesday. A large part of the project’s success will depend on maintaining security in a region that hosts armed militia groups and eliminating illegal mining.
“The DRC government has been hugely supportive in that we now have a very strong military presence in our area,” Kamstra told reporters at a Johannesburg briefing attended by North Kivu Minister of Mines Anselme Kitakya. “In essence we’ve got a military curtain between ourselves and the east of us which is largely unpopulated forest.”
A military and police presence will help make sure Alphamin can mine unhindered by local bandits, and authorities have also pledged to ensure stability following an upcoming national election. The vote was first due in November but has been delayed, meaning President Joseph Kabila has remained in power despite being required by the constitution to step down last year.
There are also as many as 800 artisanal miners in the area and Alphamin is working with the government to move them to legal sites where small-scale mining is allowed, Kamstra said.
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