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Tango Mining says Springlake contract has been extended

Tango has four thermal coal, metallurgical and processing plant and engineering contracts
Burning coal
Springlake colliery, in the Kliprivier coal field, KwaZulu-Natal province, has been in operation for over 30 years and is South Africa's largest producer of anthracite.

Tango Mining Ltd (CVE:TGV) said the service supply agreement for the Springlake colliery operation in  South Africa has been renewed for a year.

Tango has four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5Mtpa, with clients including Total and Glencore (LON:GLEN).

Kwena Springlake Projects Pty is one of the three Kwena Group companies Tango acquired a majority interest of in October, 2014 as part of Tangos acquisition of African Star Minerals' operations in South Africa.

Springlake colliery, in the Kliprivier coal field, KwaZulu-Natal province, has been in operation for over 30 years and is South Africa's largest producer of anthracite.

The operations consist of 65 permanent employees with a target of 600,000 tonnes to be processed over the next 12 months.

Tango said the Kwena Group has a continued development plan 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.

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Tango Mining Timeline

Newswire
August 05 2017

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