Abu Dhabi’s IRH explores investing in Alphamin’s Congo tin mines
Alphamin’s tin projects are in North Kivu province, which has been wracked by conflict for three decades.
Eurasian Resources Group has concluded power supply arrangements for its Frontier mine in the Democratic Republic of Congo.
The contract was signed by ERG, Société Nationale d’Électricité, the national electricity company of the DRC, ZESCO, the national electricity company of the Republic of Zambia and Rawbank, a top commercial bank in the DRC.
Frontier mine is a cornerstone of ERG’s copper business and is situated on the DRC-Zambia border. It comprises an open-cast copper mine and processing facilities to produce copper sulphide concentrate, treating over 10Mt of copper sulphide ore annually.
ERG also recently signed a supply agreement for Metalkol SA, a major cobalt and copper tailings reprocessing operation and a low-cost hydro-metallurgical facility owned by ERG, to secure its electricity supply or up to 10 years.
