Business
Tango Mining Q3 Operational Update
VANCOUVER, British Columbia, June 17, 2019 (GLOBE NEWSWIRE) -- Tango Mining Limited (“Tango” or the “Company”) (TSX.V – TGV) is pleased to provide an update for
About this update from Southstone Minerals Limited
[{"type":"text","content":" VANCOUVER, British Columbia, June 17, 2019 (GLOBE NEWSWIRE) -- Tango Mining Limited (“Tango” or the “Company”) (TSX.V – TGV) is pleased to provide an update for the period of 1 March to 31 May 2019 (3rd Quarter) on its project portfolio located in South Africa, Angola and Liberia. COAL – Metallurgical and Mining Projects, Republic of South Africa Production Three months run of mine (ROM) and discard throughput for the three Exxaro Coal Central Proprietary Limited (ECC) operations were below budget: Actual Budget Variance Comments (tonnes) (tonnes) (tonnes) Dorstfontein East Coal Mine 625 025 611 027 13 998 (DECM) Dorstfontein West Coal Mine 240 286 261 950 (21 664) 4 seam expansion project (DWCM) Forzando Coal Mine 967 595 1 003 471 (35 876) Coal supply from underground (FZN) Employees: Number of full time employees: 231Number of part time employees: 23 Health and Safety: No reportable incidents recorded for Kwena for the three ECC operations for the 3rd Quarter. Safety Awards: Exxaro – 1 year fatality free.DCME – 8000 fatality free shifts. Diamond Production Oena, Republic of South Africa Mining and Processing Contractor – Bluedust 7 Bluedust 7 continue mining in the Blokwerf and Sandberg mining areas at Oena with an increase of 19,490 tons mined above the previous quarter. All five pan plants ran well with no major breakdowns. A total of 190 diamonds totalling 333.25 carats were placed on tender at Kimberley or sold to the state trader. The average price of sold carats was US$ 1,198 per carat. This includes a 20.9 carat diamond which sold at an average of US$3,807 per carat, as well as a 5.28 carat stone that sold at an average of $7,730 per carat. Blue Dust 7 Tonnes Carats Number Carats sold Number of Grade Produced of Stones Stones Cts / 100t produced sold ROM Mined 95,060 318.95 183 333.25 190 0.34 Number of Employees: 42 Health and Safety: No accidents or incidents were recorded African Star Minerals (ASM)ASM has entered into a Joint Operating Agreement with Oryx Mining (Pty) Ltd (Oryx) and Hall of Diamonds CC (HoD) whereby Oryx will contribute earth moving and mining equipment to support the operation o...