PRESS RELEASE – FOR IMMEDIATE RELEASE
Gerald contributes to “Logu potable water project” of the Lowa Alliance ASBL, around Alphamin’s Bisie Tin Project in North Kivu, Democratic Republic of Congo
London, 14 November, 2019: Gerald Metals Sarl, a subsidiary of Gerald Group, (“the Group”) the largest independent and employee-owned metals trading house, is pleased to confirm funding of US$126,000 for a vital community water project being undertaken by the Lowa Alliance ASBL in the DRC, where the Group has a strategic investment in the world’s premier emerging tin deposit project. Alphamin Resources Corporation (“AFM: TSXV or Alphamin”) acknowledged receipt of the donation from Gerald Metals Sarl, the Group’s regional trading hub for Europe and Africa.
Lowa Alliance is a non-profit association created and financed by the Walikale community, Alphamin Bisie Mining, S.A., and other donors, to contribute to sustainable social and economic development for the communities around the Bisie tin mine site.
The Logu Potable Water Project will benefit over 500 households, enabling the community to access potable water at 9 points in the Logu village next to where Alphamin Bisie’s logistics and export hub is based. With the development of the Bisie Tin Project, the population of Logu has increased significantly. To source water the villagers must walk to the nearest river and the water must be carried back from several kilometres away. Water-borne diseases in Africa constitute a major hazard to health and life span.
The Logu community has identified Potable Water and delivery as a priority within the Lowa Alliance Local Development Plan, which identifies priorities for the communities around the mine site. Gerald Metal’s contribution for the total funding of US$126,000 for the Logu Potable Water Project, along with that of other donors to the Lowa Alliance and the community itself, allows further responsible investment in sustainable social development in and around the Bisie mine site
Gerald Group is the sole off taker of Alphamin Bisie’s industrial production of tin concentrate and considers corporate social responsibility in its supply chain to be a core corporate value. Gerald has sole offtake of tin concentrate under a five-year extendable contract with Alphamin Bisie Mining SA, a subsidiary of Alphamin, in which the Group has a holding of 5.24% of the Common Stock. Alphamin is an emerging industrial tin concentrate producer, located in the Eastern Democratic Republic of Congo. Combined with Gerald’s other tin off-takes, the Group is the pre-eminent trader of African tin concentrates.
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About Gerald Group
Gerald Group aims to contribute to world trade and economic development in a sustainable and responsible manner. Founded in 1962 in the United States, the Group is the world’s oldest and largest independent and employee-owned metals trading house. Headquartered in London, the Group is led by Chairman and CEO Craig Dean. Gerald is a dedicated and trusted partner to leading miners and processors, industrial consumers and major financial institutions and has market presence in all regions of the world. The Group operates trading hubs in Shanghai, Stamford and Switzerland for the merchanting of non-ferrous, ferrous and precious metals and related concentrates and raw materials. Gerald’s global footprint, conservative risk management culture, expert market intelligence, deeply experienced and innovative trading desks combined with logistics, storage and structured finance solutions, are complemented by strategic relationships, enhancing the business’ capability to provide customers access to a diverse and steady supply of resources