Alphamin halts Bisie mine operations amid DRC unrest

Alphamin Resources Corp. (JSE: APH) announced the temporary cessation of mining operations at its Bisie tin mine in the Walikale District, DRC, effective March 13, 2025. The decision follows the advance of insurgent groups toward the mine's location, with recent occupation of nearby towns. Employee safety is the company's top priority, and operational mining personnel are being evacuated, leaving only essential staff for maintenance and security. Alphamin has engaged a US firm to lobby for diplomatic intervention. The company is evaluating the impact of the cessation on its financial results for the year ended December 31, 2024, and anticipates a delay of the release. Direct peace talks are scheduled for March 18th in Angola. Alphamin will provide updates as the situation evolves.