VANCOUVER, BRITISH COLUMBIA — 16 November 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce the recommencement of production at its Oena Diamond Mine (“Oena”) located in the Northern Cape, South Africa.
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VANCOUVER, BRITISH COLUMBIA — 10 October 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce it has entered into a Contract Mining and Diamond Recovery Agreement (the “Agreement”) with Bluedust 7 Proprietary Limited (“Bluedust”) at Oena Diamond Mine (“Oena”), South Africa. Bluedust will develop the Oena alluvial diamond mine using Bourevestinik X-ray machines (“BVX”) and/or pan plants (the “Mining Services”). Bluedust, at its own cost and expense, will provide and maintain all the Plant and Equipment as required to perform the Mining Services.
VANCOUVER, BRITISH COLUMBIA — 11 September 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce that it has signed a three year renewable Services Agreement for Mining and Marketing of Diamonds with Txapemba Canguba R.L (“Txapemba”) which is a Cooperativa Exploração Semi-Industrial de Diamantes located in the Municipality of Cambulo, Province of Lunda Norte, Republic of Angola. Txapemba was granted an 84 square kilometer (“km”) concession for the semi-industrial exploitation of diamonds within the Luembe River basin in an area that was a past alluvial diamond producer and well known for both alluvial and kimberlite diamonds (the “Property”).
VANCOUVER, BRITISH COLUMBIA — 4 August 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) announces that, subject to TSX Venture Exchange approval, it has closed a private placement of 5,004,840 units at $0.05 per Unit for a total of $250,242. Each Unit consists of one common share and one transferable share purchase warrant, with each warrant exercisable into one common share of the Company at an exercise price of $0.05 per share, exercisable for a period of 12 months from the date of issuance.
Management’s Discussion & Analysis…
VANCOUVER, BRITISH COLUMBIA — 21 July 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) announces that, in partnership with the GZA Group, it has formed a South African subsidiary, TML Equipment Solutions (Pty) Ltd (“TML”), that will own and lease processing equipment to be used for alluvial diamond recovery. The Company also confirms that it has acquired the outstanding 10% diamond royalty offtake on the Oena Diamond Mine (“Oena”), South Africa.
VANCOUVER, BRITISH COLUMBIA — 7 July 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) announces that, pursuant its news release dated 17 June 2015, it has reached a settlement with ATC Enterprises DMCC (“ATC”) to settle accrued interest, balance due on last tender and the outstanding amount owing for the Oena offtake right for debt totaling C$342,895 by the issuance of 6,857,900 common shares at a price of $0.05 per share. This settlement with ATC effectively terminates the diamond offtake right with ATC with regard to the Company’s Oena property, thereby eliminating the 10% fee that was payable on the first 2,000 carats of diamond sales.
VANCOUVER, BRITISH COLUMBIA — 6 July 2016 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce that three Operation and Maintenance of Coal Processing Plant Agreements, in respect of three Exxaro coal mines, Dorstfonein East, West and Forzando, have been renewed for three years, to June 2020.
VANCOUVER, BRITISH COLUMBIA — 5 July 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to provide an update on recent diamond sales results from the Oena Diamond Mine, Republic of South Africa (“Oena” or the “Property”). During the period 20 May 2017 to 20 June 2017, a total of 61.4 carats (28 diamonds) were produced. A total of 53.4 carats were placed on tender with Flawless Diamond Trading House, Johannesburg and sold with an average price of US$1,490 per carat. The balance was sold to the state diamond trader. Diamond production from Oena, since acquisition, now totals 1365 carats that have been sold at an average price of US$1,188 per carat.
VANCOUVER, BRITISH COLUMBIA — 4 July 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce that Samer Khalaf, who was appointed as non-executive director on 3 April 2017, has accepted the position of Chief Executive Officer of the Company. Samer has over 25 years of investment banking experience in the Middle East, Africa and Europe and has held senior positions at various institutions including Nomura Securities, Gazprombank and PrimeCorp Finance SA. His most recent position was as Director for Africa & Middle East at GPB Global Resources. Samer holds an economics degree from Syracuse University and an MBA in finance from Columbia Business School. He has also completed the executive program for energy at Harvard Business School.
Financials and MD&A’s
- TANGO ANNOUNCES RECOMMENCEMENT OF PRODUCTION AT OENA16/11/2017 - 20:01
- TANGO APPOINTS BLUEDUST AS OENA MINING CONTRACTOR10/10/2017 - 18:03
- TANGO ENTERS DIAMOND MINING SECTOR IN ANGOLA11/09/2017 - 18:03
- TANGO MINING ANNOUNCES PRIVATE PLACEMENT04/08/2017 - 17:32
- TANGO CREATES SOUTH AFRICAN MINING EQUIPMENT COMPANY IN COOPERATION WITH GZA GROUP AND ACQUIRES OENA ROYALTY21/07/2017 - 11:46