trending Market Intelligence /marketintelligence/en/news-insights/trending/gRxPqoIrXkQJYG7hqVQ-xA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Alphamin targets C$71.4M capital raise to meet Bisie tin project funding needs

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Alphamin targets C$71.4M capital raise to meet Bisie tin project funding needs

Alphamin Resources Corp. plans to raise up to C$71.4 million to develop its 80.75%-owned Bisie tin project in the Democratic Republic of the Congo and for general corporate purposes.

A successful close to the offering will mean all of Bisie's peak funding requirement of US$172.1 million will be available.

The company will undertake a private placement of up to 124,651,807 units at 32 Canadian cents apiece to raise gross proceeds of up to about C$39.9 million.

The offer will include a brokered private placement priced in South African rand at the equivalent price of 3.40 rand each, according to the company's Dec. 7 release.

Alphamin will also launch a nonbrokered private placement with its 44.15% shareholder, Tremont Master Holdings Ltd., for up to 98,538,537 units at the same price to raise up to about C$31.5 million.

Industrial Development Corp. of South Africa Ltd. holds a 14.25% stake in the Bisie project, while the DRC government owns a 5% free carried interest.

Meanwhile, Industrial Development said it received credit committee approval for an investment to finance its 15% pro rata share of the project funding.

In mid-November, Alphamin entered into a definitive credit agreement for US$80.0 million of project debt.

The offerings are expected to close Jan. 8, 2018.