Alphamin’s Mpama South extension of the Bisie tin mine, in Democratic of Congo, went into first production in May 2024. Production resumed at the Bissie Mine in April 2025, after a decision was taken in March to evacuate the premises due to security concerns.
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Alphamin Resources, a tin mining company listed on the JSE and in Canada, has announced that its major shareholder, Tremont Master Holdings, sold 56% of its shareholding for approximately R6.5 billion to Abu Dhabi-based International Resource Holdings (IRH).
In its results announcement on Friday, Alphamin said that Tremont Master Holdings sold the stake at C$0.70 (about R9.17) per share. The acquisition was completed by IRH through its wholly owned subsidiary, Alpha Mining LTD, on July 22, 2025.
Tremont Master Holdings, a subsidiary of Denham Capital, a US-based private equity firm focused on energy and resources, will continue to hold 10,133,592 shares, which represents 0.8% of the total shares in Alphamin.
Meanwhile, the company’s Bisie Mine in the Democratic Republic of Congo resumed operations on April 9, 2025, following a decision to evacuate the mine on March 31, due to security concerns. Rebels had occupied the area surrounding the mine between March and April, but the Congolese army regained control of the area on April 3.
South Africa’s Industrial Development Corporation of South Africa owns 10.86% of Alphamin Bisie Mining.
On Friday morning, Alphamin’s share price gained 2.46%, reaching R12.50 on the JSE, although this is significantly lower than R13.41 a year ago.
In the six months leading up to June 30, diluted earnings per share increased to 4.3 US cents from 3.01 US cents, marking a 42.8% increase compared to the same period last year.
A dividend of C$0.07 per share was declared, up from C$0.06 per share declared at the same time last year.
Revenue increased to $264.67 million from $213.17m. Operating profit rose to $103.84m from $85.59m, while net income increased to $66.37m from $47.41m. Cash and cash equivalents stood at $109.76m, a significant increase from $29.68m last year.