Tuesday, June 19, 2018
Boris Kamstra

Boris Kamstra

Alphamin

THE imposing, no-nonsense Kamstra holds strong views on a number of subjects: the excellence of Alphamin’s Bisie tin mine project in the Democratic Republic of Congo; a dim view of mainstream media – “CNN, BBC, Sky News and all the rest” – and a firm belief that he’s safer sleeping in a tent in the jungles of North Kivu than living behind the high walls, electric fences and passive security sensors of his house in Johannesburg. You could debate all of that, but what is undeniable is that Kamstra brought a much sought-after commodity to local investors when Alphamin acquired a secondary listing on the JSE’s AltX board in December. Alphamin is a junior miner with a sexy project that is – arguably most importantly of all – located outside of South Africa and therefore immune to the vague intricacies of our Minerals and Petroleum Resources Development Act. There is – of course – some debate at present about possible changes to the DRC’s mining code and the DRC generally has to be viewed as high risk despite the gloss that Kamstra is applying. But what the hell – this is the kind of pitch investors in junior mining stocks just love. On a more realistic note, past experience with these ventures shows Kamstra’s “honeymoon” period will only last until the mine is commissioned and starts production. After that he will be judged by a harsher set of rules, checking Bisie’s actual operating performance against what was forecast.

LIFE OF BORIS

He’s a civil engineer by training, holding a BSc in Civil Engineering from the University of Cape Town, which he followed with an MBA from the Wits Business School. He’s been associated with South African mining entrepreneur Rob Still since 2009 when he was CEO of Pangea Diamondfields. Pangea is Still’s unlisted prime operating vehicle. Still is a backer of Alphamin Resources through Denham Capital and Kamstra was appointed CEO of Alphamin in January 2016.