Facebook Bankable LinkedIn Bankable
Twitter Bankable WhatsApp Bankable
Bankable
Bankable

MOST READ

African Economies

Eastern DRC: Rome Resources Gears Up to Restart Exploration at Bisie North Tin Mine

Eastern DRC: Rome Resources Gears Up to Restart Exploration at Bisie North Tin Mine

On April 24, 2025, Rome Resources announced plans to resume drilling at its Bisie North tin project in eastern DRC, after suspending activities on March 14 due to security concerns.

The company aims to begin drilling within 10 days, targeting high-grade tin deposits at depth. This phase is budgeted at $1.6 million, funded from Rome’s $2.7 million cash reserves.

The decision follows the M23 rebel group’s withdrawal from the region and Alphamin Resources’ April 9 announcement to gradually restart production at the nearby Bisie mine, which had also paused in March.

Located about 280 km west of Goma near the key mining hub of Walikale-centre, the Bisie site saw rebel occupation between March 19 and April 3 before the Congolese army reclaimed control. Rebels reportedly retreated over 130 km east to Nyabiondo and Masisi.

Political progress adds to optimism: on April 23, the government and M23 declared their intent to agree on a truce, while on April 25, the DRC and Rwanda signed a “declaration of principles” in Washington, signaling a step toward peace.

Rome Resources expects to publish initial resource estimates for its Mont Agoma and Kalayi prospects by the end of May 2025. The market eagerly awaits these results.

This article was initially in French by Pierre Mukoko (Ecofin Agency)

Edited in English by Ola Schad Akinocho

 

Subscribe to our newsletter (free)

Receive daily news and analyses from the Bankable editorial team.

 
 
drc-felix-tshisekedi-says-economy-withstood-wartime-turmoil
Inflation dropped from 11.7% to 2.5% and the franc appreciated 29% against the dollar. International reserves reached $7.4 billion, equal to three...
mohamed-cherif-takes-over-afdb-drc-office-with-mandate-to-speed-up-projects
Mohamed Chérif is the new African Development Bank (AfDB) country manager for the Democratic Republic of Congo. Although the Bank has not yet formally...
gecamines-looks-to-replicate-morocco-s-ocp-model-to-enter-battery-chemical-sector
Guy-Robert Lukama, who has chaired the board of Gécamines since February 2023, is advancing an ambitious strategy for the state-owned mining company. He...
eu-s-von-der-leyen-highlights-clean-energy-push-green-corridor-plan-in-the-drc
European Commission President Ursula von der Leyen has outlined the European Union's priorities in the Democratic Republic of Congo, with clean energy...

African Economies

MOST READ

Please publish modules in offcanvas position.