Proactive Investors - Run By Investors For Investors
Market: TSX-V
52-week High/Low: C$0.08 / C$0.03
Sector: Mining
Market Cap: C$8.38M
Tango Mining

Tango Mining

Tango Mining Limited (TGV – TSXV) is a Canadian diversified junior mining company with its core operations located in South Africa and over 250 employees. Tango, via its South African subsidiaries, hold three thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 Mt of coal per annum at Exxaro owned coal mines. The three projects are located within the...

Tango Mining

Interactive graph

col 3
col 4
col 5
col 6

Big picture - Why invest in Tango Mining

Tango Mining Snapshot


The Company’s vision is to become a junior mining company with a focus on diamond mining and development projects.

It is our focus to build on management’s years of technical and business acumen in order to acquire properties that demonstrate potential to host mineral deposits, to explore and develop properties into producing and profitable business units. In doing so, we ensure that we balance strong returns to our shareholders with our commitment to health and safety, environmental stewardship and social responsibility.


We always think and act long term in the pursuit of excellence from the moment we identify a possible mining opportunity from its initial exploration phase all the way to a mine’s eventual closure. As a diversified mining group, we focus on acquiring and developing properties that show near-term cash flow potential.




The Oena Project (“Oena” or “Property”) consists of one New Order Mining Lease located on the lower Orange River, Northern Cape Province, South Africa. The New Order Mining Lease (MPT24/2014MR) was granted in 2009 and is secured with a notarial lease over the property for 99 years and matures in 2090. An application for the renewal of the mining right for a further 30 years has been lodged with the Department of Mineral Resources for the period ending 2045.

Oena is 8,800 hectares (“ha”) in size and covers a 4.8 kilometre (“km”) wide strip along a 15 km length of the Orange River. The center of the Property is located at longitude 28°03’58” S and latitude 17°01’07” E.


The original Oena Mining Licence (ML 7/92) was issued in 1992 to Kuboes Diamante (Proprietary) Limited (“Kuboes”) and then was converted to the current New Order Mining Lease in 2009. African Star Minerals (Proprietary) Limited (“ASM”) acquired 100% of Kuboes in 2013. As per an agreement in October 2014 Tango purchased a controlling interest of African Star, a subsidiary that holds a 100% interest in the Oena Project which consists of Mining Right MPT 58/2014 (MR), a portion of Richtersveld No 11, Administrative District of Namaqualand. Specifically, the section 11 (1) Ministerial approval under the Mineral and Petroleum Resources Development Act, 2002 (Act 28 of 2002), Republic of South Africa was granted on 24 April 2015, which allowed for the sale of the controlling 51% interest in African Star to Tango (completed on 18 June 2015).

Geology and Deposit Type

Oena, a past producing alluvial diamond property, is located within a well established alluvial diamond mining province 50 km upstream of Namdeb’s Auchas and Daberas alluvial diamond mines, located on the Namibian or north bank of the Orange River, and 15 km and 60 km upstream of Trans Hex’s Reuning and Baken alluvial diamond mines, respectively, located on the South African or south bank of the Orange River.

Two separate and distinctly different aged diamondiferous bearing paleochannel gravels are present on the Property and have been named as follows:

Proto‐terraces (dated as Miocene and 17 – 19 mybp in age) are higher‐level and are located greater than 40 metres (“m”) above the current Orange River level.
Meso‐terraces – (dated as Pliocece and Pleistocene and are 2 – 5 mybp in age) which are lower‐level and are located between 10 m to 12 m above the current Orange River level. There are five meso‐terraces on the Property including the Oena, Sandberg, Blokwerf, Fishriver and Kabies Sections. Most of the historical exploration has been concentrated on the Oena and Sandberg Sections and none has been completed at the Fishriver and Kabies Sections.

For more information click here



Tango has three thermal coal, metallurgical and processing plant and engineering contracts (“Projects”) that process 6.5 million tonnes per annum (19.5 million tonnes are contracted over next 3 years), with clientele that include Exarro. The three projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province.


Kwena Mining Projects CC, Kwena Mining and Metallurgical Services CC and Kwena Springlake Projects (Pty) Ltd., collectively “Kwena”, form part of Tangos operations in South Africa. Kwena was formed in August 1998 and is managed and operated by a team of persons who are in possession of metallurgical qualifications and have a vast knowledge of operational expertise on both small and large operations.

The combined experience of the team amounts to some 75 years of operations on metallurgical / process plants in the mining industry. Each member has held a senior position on a metallurgical plant and their experience is not limited to coal but also includes base and precious metals (gold and platinum).

The company was initially developed for two reasons:

The first was the need for experienced process / metallurgical personnel on small-scale operations. Many of these small operations are unable to attract qualified personnel, and therefore run the risk of poor metallurgical efficiencies and performance resulting in underachieved returns and substantial revenue losses.

The second, was the anticipated change in tradition of many of the Mining Houses, who have started to outsource more and more of their operations to contracting companies in order to remain competitive both locally and internationally. It is here that Kwena Mining Projects with their experienced team can make the biggest impact.

Kwena currently operate and maintain four coal beneficiation operations:

Dorstfontein East Coal Mine. This is a multi-seam mine where the raw coal is beneficiated through a 300,000 tonnes per month (“tpm”) wash plant producing washed coal for the export market.

Dorstfontein West Coal Mine. This is a multi-seam mine where the raw coal is beneficiated through a 150,000 tpm month wash plant producing washed coal for the export market and inland market.

Forzando Coal Mine. This is a multi-seam mine where the raw coal is beneficiated through a 300,000 tpm month wash plant producing washed coal for the export market and inland market.


Kwena currently employs some 285 personnel in both the skilled and unskilled labor categories, and to ensure the efficient operation of the above operations, all key personnel have tertiary qualifications in metallurgy or relevant qualifications suited to their function within the company.

Business Development

Continued development plans in place to grow the business using the successful past 18 year business model, an established market presence and its proven successful operational reputation in the coal, base and precious metal and precious stone Southern African mining sector.

Terry L. Tucker (P.Geo) - Executive Chairman and Director

Terry Tucker is a Canadian citizen and geologist with 26 years‘ experience in mineral exploration and development projects worldwide. Prior to moving to Switzerland in 2011, he was the CEO and Director of Nyota Minerals Limited (AIM, ASX: NYO) focused on an advanced stage gold project in Ethiopia. He was also President, CEO and Director of TSX-listed StrataGold Corporation, where he successfully advanced the exploration and development of two gold projects in both Guyana and Canada before the company’s acquisition by Victoria Gold Corp (TSX-V: VIT) in June 2009. Previously he was responsible for a number of exploration projects in northern Canada, including the discovery of the Wolverine gold-rich massive sulphide deposit. His experience includes a number of roles at strategic, operational and corporate levels.

Kevin Gallagher - Director

Mr. Kevin Gallagher has over 40 years’ experience in the mining and metallurgical process engineering industry and was founder and is Executive Managing Director of the Kwena Mining Group (part of African Star). His operational experience includes 14 years as metallurgical supervisor at various coal, gold and platinum plants which includes Harmony Gold, Rand Mines Group & Rio Tinto. Mr. Gallagher is a member of the South African Coal Processing Society, a member of the Mine Metallurgical Managers Association, holds a Diploma (Hon) Mineral, Processing & Extractive Metallurgy from the School of Mines Rhodesia and completed the Management Development Programme with the Graduate School of Business, University of Cape Town (UCT).

Samer Khalaf - CEO and Director

Mr. Samer Khalaf has over 25 years of investment banking experience in the Middle East, Africa and Europe and has held senior positions at various institutions including Nomura Securities, Gazprombank and PrimeCorp Finance SA. His most recent position was as Director for Africa & Middle East at GPB Global Resources. Samer holds an economics degree from Syracuse University and an MBA in finance from Columbia Business School. He has also completed the executive program for energy at Harvard Business School.

Donna Moroney - Director

Donna Moroney has over 30 years of experience in regulatory and corporate compliance in both Canada and the United States, and as a senior officer of various public companies. As President of Wiklow Corporate Services Inc., she assists companies in the resource, financial and technology sectors in maintaining the securities and exchange demands on public companies, as well as keeping them up-to-date on relevant issues, policies and working practices. Ms. Moroney also assists companies reporting in the US in preparing registration statements, quarterly and annual financial filings and other various facets of meeting US securities requirements. She also leads seminars that provide a practical guide for public companies in meeting their securities regulatory compliance requirements. She serves as a director and/or senior officer for numerous public companies.



Theodor Boshoff
General Manager – Plant & Metallurgical Process Engineering

Mr. Boshoff has over 11 years diamond mining and processing experience of which 5 years were with De Beers Consolidated Mines at Cullinan, Koffie Fontein, Venetia Mines; AK6 Mothae or Boteti Mine for Lucara Diamonds; and Metallurgical Project Manager on the Projectio Alto Cuilo for Petra Diamonds; Saurimo Projects and Itengo alluvial projects in Angola. A fellow with the South African institute for Mining and Metallurgy and the Coal processing Society of South African, registered with the Engineering Council of SA and holds an Honors and M.Eng. Metallurgical Engineering (2014) with the University of Pretoria.

Simon van der Loo - Chief Financial Officer
Mr. van der Loo is a qualified charted accountant and registered with the South African Institute for Charted Accountants. He has 14 years experience which includes professional services serving the mining, agricultural, environmental and information technology sectors local as well as international. He worked for 10 years with Ernst & Young as an Audit Senior Manager and three years as finance director for a supply chain focused subsidiary of a major copper project in the Democratic Republic of the Congo. He is experienced in financial management, financial reporting, taxation, budgeting, risk assessment and valuations.

For information on the shares please click here

Tango Mining Limited, Canada

5626 Larch Street, Suite 202
Vancouver, British Columbia
V6M 4E1

Phone: +1 604 696 4236


Witbank Regional Office

205A, 2nd Floor Smokey Mountain Office Park
Route N4
Corner Nelson Mandela & Paul Sauer Street
South Africa

Phone: + 27 (0) 21 853 2185

Secretarial Services: Wiklow Corporate Services Inc

Donna M. Moroney (President)
5626 Larch Street, Suite 202
Vancouver, BC  V6M 4E1

Tel: +1 604 696 4236

TMX Equity Transfer Services
650 West Georgia Street, Suite 2700
British Columbia, V6B 4N9

Auditors: E&Y

Columns Including TGV


Market Reports Including TGV

Video RSS



© Proactive Investors 2018

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use