IDC releases $7m for Congolese tin project, feasibility study results imminent

March 11, 2016

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TSX-V-listed mineral exploration company Alphamin Resources has received the first two tranches from South African State-owned development finance institution, the Industrial Development Corporation’s (IDC’s) $10-million exploration and development funding for its Bisie tin project, in the Democratic Republic of Congo (DRC). Alphamin has received $4-million and $3-million from the IDC to date, while the final $3-million will be released subject to an independent peer review sign-off of a definitive feasibility study (DFS), which the company expects to receive in the second quarter of 2016.

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