Alphamin announces completion of FEED and CBE for Bisie Tin Project
2017-02-08 15:45:45 【Print】
BEIJING (Asian Metal) 8 Feb 17 - On February 6, 2017, Alphamin Resources Corp
The completed FEED and CBE increase proven and probable reserves to 4 . 67 Mt at 3 . 58% Sn containing 167 . 3 Kt of tin while also increasing the life of mine (LoM) to 150 months or 12 . 5 years . The optimized process flow sheet resulted in 6% higher annual average plant throughput rates, and an increase in tin recoveries to 73%.
A cash margin of some US$ 11,040 per tonne of tin sold is foreseen, resulting in a LoM annual average EBITDA of about US$ 110 million (constant 2017 terms) . Alphamin is also pleased with the robust economic performance indicators of a Net Present Value (8%) of US$ 402 . 2 million as well as real, after tax, Project IRR of 49 . 1% . The projected payback period is 17 months from the first tin production at the Alphamin Bisie Tin Mine.
. ("Alphamin") announced the completion of the Front-End Engineering Design ("FEED") and Control Budget Estimate ("CBE") for its 80 . 75% owned Bisie Tin Project ("Bisie" or the "Project") in the Democratic Republic of Congo.
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