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by Will Purcell
The diamond and specialty minerals stocks box score for Thursday was a positive 82-77-151 as the TSX Venture Exchange fell six points to 592. Maritz Smith's Alphamin Resources Corp. (AFM) jumped 17 cents to 77 cents on 10.74 million shares Wednesday and another seven cents to 84 cents on 4.1 million shares today on word that the band of armed rebels, which had pushed westward near the company's Bisie tin mine in the east-central area of the Democratic Republic of the Congo, has now retreated. As a result, the company is working to resume mining. (The company hastily shut down the mine in mid-March, leaving just a skeleton crew to care for the site.)
With the insurgents now over 130 kilometres away, Mr. Maritz, chief executive officer, hedges that Alphamin "intends to redeploy employees as part of a plan to restart tin production in phases while it continues to monitor the security situation." The mine is adequately supplied with consumables and spares to support the resumption of production, Mr. Maritz cheers, adding that "care-and-maintenance activities and tin concentrate export logistics continued without interruption." (There are a few hundred tonnes of tin awaiting sale, apparently.)
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