Mining

DRC: Rome Resources Unveils Initial Drilling Results for Bisie North Tin Project

DRC: Rome Resources Unveils Initial Drilling Results for Bisie North Tin Project
Thursday, 22 August 2024 16:16

Until now, the main tin miners in the Democratic Republic of the Congo (DRC) were Alphamin Resources and artisanal miners. However, the country is about to welcome a new player, Rome Resources.

Rome Resources steadily moves in the DRC’s tin industry. On August 20, the company announced the initial results from its drilling program launched earlier this month at the Bisie North project in North Kivu, revealing high tin grades.

Rome Resources reported that a drill hole reaching a depth of 164.5 meters at the Kalayi prospect intersected mineralization with tin grades ranging from 1.03% to 7.12%. "We are excited to see visible tin mineralization in several intervals from the first hole of this drilling campaign and look forward to sharing analysis results as they become available," said CEO Paul Barrett.

The company is also taking steps to produce a mineral resource estimate by the end of the year. This week, for example, two new drilling rigs were mobilized at the site, making it three in total.

While industrial tin production in the DRC is dominated by Alphamin Resources, Rome Resources' success would be a significant milestone. Indeed, this could enhance the country's position in the global tin market–a market currently dominated by Asian countries like Malaysia, Indonesia, and Myanmar.

On the same topic
Extension eases bottlenecks after embargo and delayed quota implementation Government still faces risks over policy execution and cobalt...
Heirs Energies acquires M&P’s 20% Seplat stake for $496M, exiting french group Maurel & Prom and boosting Heirs’ total production to ~50k...
Tinubu approves partial write-off of NNPC debts to Nigerian government Decision cancels $1.42 billion and 5.57 trillion naira obligations Move...
Djibouti, Egypt sign port, logistics and energy cooperation agreements Deals include 23-MW solar plant to power Doraleh port operations Aim is to cut...
Most Read
01

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
02

NALA has secured PSP and PSO licenses from the Bank of Uganda, adding to its 2024 Money Remittance...

NALA Secures Triple Licensing in Uganda, Accelerating East African Fintech Expansion
03

Silver hit a record $74.8 an ounce in late December 2025 Analysts see prices ranging from&nb...

Silver surges 155% in 2025, outlook mixed for 2026
04

US strikes in Sokoto test Nigeria's financial stability, causing Eurobond yields to surge and inve...

Nigeria: U.S. Military Intervention in Sokoto, a New Test for the Country’s Financial Credibility
05

Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...

Beyond Online Checkouts: Apple Pay Finds a Second Row into Nigeria via Nomba
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.