(Ecofin Agency) - • IRH to acquire majority stake in Alphamin, owner of Bisie tin mine in DRC
• Deal adds 20,000-ton annual tin capacity to IRH’s mining portfolio
• Alphamin cuts 2025 forecast to 17,500 tons due to regional security risks

UAE-based International Resources Holding (IRH) announced on June 3 a definitive agreement to acquire a 56% stake in Alphamin Resources, the owner of the Bisie tin mine in the Democratic Republic of Congo (DRC). The deal, valued at $367 million, is pending regulatory and corporate approvals.

The acquisition involves 718,990,967 ordinary shares at 0.70 Canadian dollars per share, currently held by Tremont Master Holdings, a subsidiary of Anglo-American investment firm Denham Capital. After the transaction, Tremont will retain approximately 0.8% of Alphamin’s capital.

“Alphamin’s strong production profile aligns with our strategy of securing interests in high-quality mining assets with long-term growth potential,” said IRH CEO Ali Alrashdi.

If finalized, the transaction will give IRH indirect control of a mine capable of producing 20,000 tons of tin annually. However, due to ongoing security risks in eastern DRC, Alphamin has revised its 2025 output forecast to 17,500 tons. The company was forced to halt operations earlier this year following rebel group activity by M23, which temporarily disrupted mining activity.

The Bisie mine is among the world’s richest tin assets. Despite its location in a conflict-affected zone, it remains a key contributor to global tin supply.

This acquisition follows IRH’s expansion in Zambia, where it took over Mopani Copper Mines in 2024 in partnership with the Zambian government. IRH has pledged over $1 billion in copper investment across the region.