Afrimines Resources

Afrimines Resources is a company based in the Democratic Republic of the Congo that has precious metal mining rights in various deposits. One is a 5,500 square kilometres (2,100 sq mi) area within the Kilo Moto area of the northeastern Orientale Province. The company was established in 2003.^[1]

In May 2008 the Australian-based Tiger Resources announced that it had secured the right to a 60% interest in four permits for exploration covering about 165 square kilometres (64 sq mi) in the copper and cobalt "“Roan Sequence" in Katanga Province. Afrimines would hold 20% and Katanga Minerals Holdings would hold 20%. Development costs were to be 90% covered by Tiger Resources and 10% by Afrimines.^[2]

On 1 December 2010 the Australian Erongo Energy announced it had agreed to purchase a 70% interest from Afrimines Resources in a group of nine tenements covering 1,800 square kilometres (690 sq mi) in the Maniema Province. The tenements are in the same geological zone as Banro Corporation's gold mines.^[3] In April 2011 Regal Resources of Australia announced that it had acquired a 70% interest from Afrimines in a 3,650 square kilometres (1,410 sq mi) group of gold-bearing properties in South Kivu. The properties were located between two gold discoveries by Banro Corporation.^[4] The properties had extensive alluvial workings by artisanal miners.^[5]

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