Alphamin Resources Corp
Alphamin Resources Corp. operates the Bisie tin complex in the Democratic Republic of Congo - the world's highest-grade tin mine at approximately 3% blended ore grade - producing roughly 20,000 tonnes of contained tin annually (about 7% of global mined tin) for sale to commodity traders and smelters.
- Company typePublic
- Founded1981
- HeadquartersGrand Baie, Mauritius
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Alphamin Resources Corp does
Alphamin Resources Corp. is a Mauritius-incorporated mining company (founded 1981) that produces tin concentrate from its Bisie tin complex in the North Kivu province of the Democratic Republic of Congo. The complex comprises two underground mines, Mpama North and Mpama South, operating at a blended ore grade of approximately 3% tin - the highest grade of any operating tin mine complex globally. Annual production guidance is approximately 20,000 tonnes of contained tin, representing roughly 7% of global mined tin supply. The company indirectly owns 84.14% of its operating subsidiary Alphamin Bisie Mining SA (ABM), with the Government of the DRC holding a 5% non-dilutive interest. Processing relies on conventional crushing, jigging, gravity separation, and flotation circuits achieving 73-75% plant recovery, and ongoing exploration uses directional drilling, downhole electromagnetic surveys, and VTEM airborne geophysics to extend resource life.
Alphamin monetizes its output by selling tin concentrate under USD-denominated off-take agreements priced against the London Metal Exchange tin benchmark. The primary commercial partner is Gerald Metals, with marketing fees of 2.25-3.35% above a US$40,000/tonne threshold. Customers are refined tin producers and commodity trading companies serving downstream electronics, semiconductor, electric vehicle, solar panel, and AI-infrastructure end-markets. Q1 2026 realized tin price was US$49,278/tonne against an All-In Sustaining Cost of approximately US$17,000/tonne, producing a 53% EBITDA margin and a record quarterly EBITDA of US$158M. The company is dual-listed on the TSX Venture Exchange (AFM) and the JSE AltX (APH), with an enterprise value near C$1.73 billion as of April 2026 and majority ownership held by Abu Dhabi-based International Resources Holding following a July 2025 $367M acquisition of a 56% stake.
Alphamin Resources Corp firmographics
Firmographics- Name
- Alphamin Resources Corp
- Legal name
- Alphamin Resources Corp.
- Website
- https://alphaminresources.com
- Company type
- Public
- Founded year
- 1981
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Alphamin Resources Corp. operates the Bisie tin complex in the Democratic Republic of Congo - the world's highest-grade tin mine at approximately 3% blended ore grade - producing roughly 20,000 tonnes of contained tin annually (about 7% of global mined tin) for sale to commodity traders and smelters.
- Ownership category
- akta.pro rank
Alphamin Resources Corp industry classification
Industry- Product category
- Tin Mining
- NAICS
- Metal Ore Mining (2122), Other Metal Ore Mining (212290)
- SIC
- Metal Mining (1000), Miscellaneous Metal Ores (1090)
- akta.pro primary industry
- Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM)
- akta.pro secondary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
Keywords
Where Alphamin Resources Corp is headquartered
LocationHeadquarters
- HQ city
- Grand Baie
- HQ country
- Mauritius
- HQ region
- Africa
Offices2 records
Markets served
Alphamin Resources Corp business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D
Revenue model
- Tin Concentrate Sales: Alphamin generates revenue primarily through the sale of tin concentrate produced from its Mpama North and Mpama South mines in the Democratic Republic of Congo. The company sells tin concentrate under off-take agreements to commodity trading companies and smelters, with pricing based on London Metal Exchange tin prices. USD-denominated sales contracts provide currency stability. The company achieved an average tin price of US$49,278/t in Q1 2026 with current prices trading around US$48,000-50,000/t.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Commodity pricing - tin concentrate |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Alphamin Resources Corp product offering
Product offeringCore offering
Alphamin Resources Corp is a tin mining company that operates the Bisie tin complex in the Democratic Republic of Congo, comprising the Mpama North and Mpama South underground mines. The company produces and sells approximately 20,000 tonnes of contained tin concentrate per annum — roughly 7% of global mined tin — through off-take agreements with commodity traders and smelters. Processing uses crushing, jigging, gravity separation and flotation circuits to deliver concentrate at industry-leading ~3% blended ore grade and ~73–75% plant recovery.
Product overview
Alphamin Resources Corp is a tin mining company operating the Bisie tin complex in the Democratic Republic of Congo. The company operates two underground mines—Mpama North and Mpama South—together producing approximately 20,000 tonnes of contained tin per annum, representing approximately 7% of global mined tin. The company holds an 84.14% interest in its operating subsidiary Alphamin Bisie Mining SA, with the Government of DRC holding a 5% non-dilutive stake. Production comes from one of the world's highest-grade tin deposits with a blended ore grade of approximately 3% tin. The company also conducts ongoing exploration activities across its license areas to extend mine life and discover additional tin deposits.
Differentiator
Problem solved
Functional benefit
Products and services
- Mpama North Mine
- Mpama South Mine
Quantifiable outcome
- FY2025 EBITDA of $341 million, up 25% from prior year
- +3 more outcomes
Companies that use Alphamin Resources Corp
Customer profileSegments1 record
Ideal customer profiles2 records
Alphamin Resources Corp technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Alphamin Resources Corp partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Gerald MetalscoreGerald Metals holds an off-take agreement for Alphamin's tin concentrate production. The agreement was extended with a ~60% reduction in marketing fees as a condition of the extension. Marketing fees are calculated at 2.25% to 3.35% above a $40,000 tin price threshold.
Scale indicators13 records
Recent moves7 records
Expansion highlights4 records
Alphamin Resources Corp competitors and assessment
Company assessmentEmerging players
- Elementos Limited: ASX-listed tin developer with the Oropesa project in Spain and Cleveland project in Tasmania. Comparable as a tin-focused emerging producer targeting future production into the same global tin market.
- Kasbah Resources: ASX-listed tin and tungsten developer focused on the Achmmach project in Morocco. Comparable as a tin-focused developer with similar underground mining technical profile targeting global tin markets.
- Cap Lake Minerals: ASX-listed minerals exploration and development company with critical minerals and tin exposure. Comparable as a tin-adjacent emerging player with similar commodity focus and junior market positioning.
- Tin One Resources: Junior tin exploration and development company with projects in Tasmania and New South Wales. Comparable as a tin-focused junior miner targeting the same commodity and end-markets.
- First Tin: London-listed tin development company with projects in Germany (Taronga) and Australia. Comparable as a tin-focused developer pursuing near-term production, though at earlier stage than Alphamin's operating assets.
Broad incumbents
- Yunnan Tin Group: China's largest tin producer with integrated mining and smelting operations. A broad incumbent comparable in scale of tin output and vertical integration, though operating within China's regulated domestic market.
- Thailand Smelting and Refining (Thaisarco): One of the world's largest custom tin smelters, part of the Amalgamated Metal Corporation group. Comparable as a major downstream participant in the global tin value chain with related concentrate sourcing.
Direct peers
- PT Timah: Indonesia's state-owned integrated tin producer and one of the world's largest tin miners. Directly comparable as a major primary tin concentrate producer selling into global markets.
- Minsur: Peruvian-based tin miner operating the San Rafael mine, one of the world's largest and historically highest-grade tin operations. A direct competitor in primary tin production with similar underground mining profile.
- Malaysia Smelting Corporation: Integrated tin miner and smelter with operations in Malaysia and Indonesia, producing tin concentrate and refined tin. Comparable as both a tin concentrate producer and downstream refiner selling into global markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Alphamin Resources Corp social profiles
Digital presenceAlphamin Resources Corp financial estimates
Financial estimateRevenue estimate
Valuation estimate
Alphamin Resources Corp leadership team
Management profileNumber of profiles
Profiles6 records
Alphamin Resources Corp subsidiaries and ownership
Company hierarchySubsidiaries2 records
Alphamin Resources Corp funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Alphamin Resources Corp M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Alphamin Resources Corp
What does Alphamin Resources Corp do?
Alphamin Resources Corp is a tin mining company that operates the Bisie tin complex in the Democratic Republic of Congo, comprising the Mpama North and Mpama South underground mines. The company produces and sells approximately 20,000 tonnes of contained tin concentrate per annum — roughly 7% of global mined tin — through off-take agreements with commodity traders and smelters. Processing uses crushing, jigging, gravity separation and flotation circuits to deliver concentrate at industry-leading ~3% blended ore grade and ~73–75% plant recovery.
Is Alphamin Resources Corp a public or private company?
Alphamin Resources Corp is a public company. It is classified as public and is currently operating.
When was Alphamin Resources Corp founded?
Alphamin Resources Corp was founded in 1981. It employs 11 to 50 people.
Where is Alphamin Resources Corp based?
Alphamin Resources Corp is headquartered in Grand Baie, Mauritius, in the Africa region.
How does Alphamin Resources Corp make money?
One revenue line is on record: tin Concentrate Sales.
Who are Alphamin Resources Corp's main competitors?
Emerging players on record are Elementos Limited, Kasbah Resources, Cap Lake Minerals, Tin One Resources and First Tin. Broad incumbents are Yunnan Tin Group and Thailand Smelting and Refining (Thaisarco). Direct peers are PT Timah, Minsur and Malaysia Smelting Corporation.
Does Alphamin Resources Corp have an API?
No public API is recorded for Alphamin Resources Corp.
What industry is Alphamin Resources Corp in?
Alphamin Resources Corp's product category is Tin Mining. Its primary akta.pro industry code is IMAKAFAM, Mine Development & Processing EPC (Critical Minerals), with a secondary code of IMAKAEAI, Precious Metals Exploration & Project Development. Its NAICS code is 2122 and its SIC code is 1000.