Alphamin Resources Corp. has announced a temporary halt to mining operations at its Bisie tin mine in the Democratic Republic of the Congo (DRC) due to escalating security threats from insurgent groups. The decision prioritizes the safety of employees and contractors as the situation in the region deteriorates.
The Bisie tin mine, located in the Walikale District of North Kivu Province, has been a significant site for tin production. However, recent advances by militant groups have raised alarms about the safety of operations. On March 9, 2025, insurgents occupied the town of Nyabiondo, approximately 110 kilometers northwest of Goma, followed by the capture of Kashebere on March 12, 2025.
In light of these developments, Alphamin's board of directors made the difficult decision to temporarily cease mining operations. The company is prioritizing the safety of its employees and contractors, evacuating all non-essential personnel from the site. Only essential staff will remain to ensure the care, maintenance, and security of the property.
Alphamin Resources is closely monitoring the situation and is hopeful about the upcoming peace talks scheduled in Angola. The company aims to resume operations as soon as it is deemed safe to do so. The management has expressed its commitment to keeping stakeholders informed about any changes in the operational status.
The temporary cessation of mining operations will impact the company’s financial disclosures. Alphamin had previously announced that its financial results for the year ending December 31, 2024, would be released around March 14, 2025. However, the company is currently evaluating the effects of this operational halt on its financial reporting and does not anticipate significant delays in filing.
The situation at the Bisie tin mine underscores the challenges faced by mining companies operating in conflict-prone regions. Alphamin Resources is taking necessary precautions to ensure the safety of its personnel while remaining hopeful for a resolution to the ongoing conflict. The company will continue to provide updates as the situation evolves, emphasizing its commitment to safety and operational integrity.
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