The Democratic Republic of Congo (DRC) produced 33,558 tonnes of cassiterite or tin ore in 20233. Alphamin is the country's main industrial tin producer, but other companies are also looking for new viable deposits.
Rome Resources has started drilling at its Kalayi prospect in the DRC. Kalayi is part of the company’s Bisie project in North Kivu. Rome Resources announced the drilling on August 5, 2024.
The recently started drilling follows a similar effort at the Mont Agoma prospect and aims to estimate mineral resources by the end of the year.
Drilling works at Kalayi involves involve 12 diamond drill holes, testing mineralization over 700 meters and reaching depths of more than 100 meters. Previous drilling has found tin grades ranging from 1.05% to 7.21%.
The Kalayi prospect has already yielded grades of up to 7.2% tin in previous shallow drilling and has striking similarities with Alphamin's nearby Mpama South Mine, where tin grades increase with depth. We look forward to regularly updating the market as this work progresses," said Paul Barrett, CEO of Rome Resources.
Most tin production in the DRC comes from artisanal mining, with Alphamin being the main industrial source. Rome Resources' Bisie project, located north of the Alphamin mine, could help the DRC expand its footprint in the global market which is largely dominated by Asian countries.
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...
BNP Paribas entered exclusive preliminary talks with Holmarcom to sell its 67% stake in BMCI. ...
Kenya approved two national infrastructure funds targeting KSh5 trillion ($38.7 billion) The government seeks to mobilise private capital and reduce...
Carrefour plans to enter Ghana in 2026 through a franchise partnership The group will take over and rebrand Shoprite Ghana’s seven...
South Africa’s direct investment outflows dropped to 21 billion rand ($1.25 billion) in Q3 2025 Anglo American’s exit from Valterra Platinum...
Banks’ exposure to sovereign risk rose to 32% of total assets in 2024 48.8% of banks’ treasury assets were invested in public securities Cameroon,...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...
(FEZ–MEKNES REGION) - As AFCON 2025 approaches: the Fez-Meknes region is emerging as one of Morocco’s most strategic tourism hubs, offering strong...