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Tango Mining coal throughput exceeds budget

Throughput was 7.29mln tonnes in the year to end August.
Tango Mining coal throughput exceeds budget
Tango runs four thermal coal mines in South Africa

Tango Mining’s (CVE:TGV) four thermal coal operations in South Africa saw a throughput of 7.29mln tonnes in the year to end August against a budget of 6.5mln tonnes.

There were also no lost time injuries or fatalities recorded during the year.

Elsewhere, Tango last week asked for more time to raise US$7.65mln to buy Firestone’s BK11 Botswana operations.

Talks are underway to agree revised terms and timelines or to terminate the deal.

Tango added it had also recently suspended its bulk sampling programme at its Oena alluvial diamond project to allow it to assess progress and draw up a new operational plan.

Since 6 August, 18,455 tonnes have been processed recovering a total of 37.68 carats.

In Nicaragua, Tango has received notification from the Ministry of Energy and Mines that the mining concession called El Santo will be revoked as the property was inactive for four years.

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Tango Mining Timeline

Newswire
August 05 2017

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