Mandin Gold Mining Sarl

Mandin Gold Mining Sarl, incorporated on November 22, 2011, is engaged in conducting underground and surface gold mining and related activities, including exploration, processing and smelting.

Mandin Gold Mining Sarl,

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.

Brief about the country MALI

Mali is currently the third largest producer of gold in African continent. South Africa is no1 and Ghana is no 2. Eventually Mali should take over Ghana as the 2nd largest producer of gold as many deposits are yet to come into production.

Gold Deposits in Mali.

There are five principal types of gold deposits present in Mali: 1. Lode mineralization with native gold occurring in quartz veins and in disseminated sulphides within the host rocks. 2. Stratibound mineralization in tourmaline bearing quartzite where gold is mainly located within the sulphide minerals. 3. Alluvial placers found on the outcrop of ore bodies with gold locally and evenly concentrated in the lateritic duricrust. 4. Alluvial placers which is the main source of gold extracted by artianal miners. 5. Surface gold deposits of lower economic importance.

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.
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