Proactive Investors - Run By Investors For Investors

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.

View full TGV profile View Profile

Tango Mining Timeline

Related Articles

miners
February 06 2018
Coro Mining is on the move in Chile, with feasibility work nearing completion and new ground to work on
diammonium phosphate fertiliser produced from Ammaroo ore
November 29 2018
The Ammaroo Phosphate Project's million net present value (NPV10) is a nominal, ungeared after-tax $344 million
1539165351_Tertiary---exploration-in-Sweden.jpg
October 10 2018
Tertiary Minerals has a unique portfolio of fluorspar assets in Europe and the US

© Proactive Investors 2019

Proactive Investors 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