incorporated on November 22, 2011, is engaged in conducting underground and surface gold mining and related activities, including exploration, processing and smelting. The Company conducts surface mining at Namarena, Mali, West Africa approximately 48 sq. kms. MANDINGOLD has been incorporated for the sole purpose of identifying and acquiring potential areas with known gold deposits in the country of Mali.
Highlights of the Project:
The Project is well connected with the capital city Bamako and the distance from the city to mine is around 80 Kms. The mine is located at Narena Village abetting the National Highway of the country going towards Guinea
There is no requirement to lay new roads to the mine as the infrastructure is already created unlike regular mines where in heavy expenditure is incurred to create infrastructure.
The company has already taken Corporate Social Responsibility activities by constructing a school and laying bore wells and sheds for police outposts.
The Govt. of Mali has given a appreciation letter in this regard to the company.
The most important feature for any gold mine is the workings carried out by local villagers which is called artisanal mining. This mining is very active in this village. More than 5000 villagers are mining everyday in this method in Narena village. In the year of 2014 artisanal mining has given a yield of 40 tns of gold which is very high
Mali as a country is wholly dependent on gold as a major source of income. The new Govt. has formed a joint venture with a Swiss company namely “SWISS BULLION COMPANY” to open the largest gold refinery in Mali named as “MOUSSA KANKOU REFINERY” at a cost of USD 71 Million. The capacity of the refinery is 20 tons per month
The largest companies in the world namely, RAND GOLD, ANGLO ASHANTHI, IAM GOLD, NEW GOLD and many others have established their companies in Mali to explore and operate Gold Mines.
Mali is aiming to become the second largest producer of gold in the African Continent after South Africa by the end of 2016.
future green investment
United Arab Emirates
Future Group investment will act as a catalyst to spearhead a new global investment regime which will bring the most prominent investors & corporate leaders on the same platform.