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Alphamin Resources, a Mauritus-based miner focused on the Bisie Tin Project in the Democratic Republic of Congo, has completed a $25, drawdown under its previously announced credit facility of up to $80m.
AfriTin Mining said that it has started civil construction works on the processing plant of its Uis brownfield tin mine located in western Namibia.
Alphamin Resources announced that it intends to raise nearly $15m by way of a non-brokered private placement to fund the continued development of the company’s 80.75% owned Bisie Tin Project and for general corporate purposes.
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