23 Apr Alphamin’s Bisie: a smooth operator in the time of Corona
While Covid-19 continues to turn the world on its head, the virus has yet to reach remote Walikale in the North Kivu province of the Democratic Republic of the Congo (DRC). As the globe flounders in the face of its onslaught, the novel virus has not affected day to day operations at Bisie yet, although the mine remains on high alert. The pandemic’s ripple effects, nonetheless, are mirrored in a below average LME tin price, it has been hovering between USD14 500/t and15,500/t, currently at USD15,197/t. If the price remains at these levels for too long, it is bound to wreck any budding mining operation, but Bisie’s remote location might just be its saving grace.
Publication: Core Consultants