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Tango Mining Data

Tango Mining News

  • Tango Mining Limited: BK11 Diamond Mine, Botswana, Acquisition Not Completed 2016-09-12

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 12, 2016) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) announces that the Firestone Diamonds Limited ("Firestone") Sale of Shares and Claims Agreement (the "Firestone Agreement") for the acquisition of the BK11 Diamond Mine, Botswana ("BK11"), as announced on 9 July 2015, did not close by the 9 September 2016 (the "Revised Drop Dead Date").

  • Tango Announces Loan Financing for Acquisition of BK11 Mine 2016-08-30

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 29, 2016) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) is pleased to announce it has agreed to a non-convertible loan agreement (the "Loan Agreement") with a number of lenders (the "Lenders"), in order to fund the previously announced acquisition (the "Acquisition") of the processing facility and mineral rights comprising the Botswana diamond operations of Firestone Diamonds Limited (the "BK11 Mine"), and for general working capital purposes. Pursuant to the Loan Agreement, the Lenders will advance to the Company the aggregate principal amount of US$10,000,000 (the "Loan"). The Loan bears interest at a rate of 12% per annum calculated quarterly in arrears and is payable on demand on or after the first anniversary of the closing date of the Loan.

  • Firestone Diamonds again extends deadline for Botswana asset sale 2016-08-30
    Canadian diversified junior miner Tango Mining has until the revised drop dead date of September 9 to settle all the conditions under the conditional sale agreement (CSA) for the $8-million acquisition of Aim-listed Firestone Diamonds’ Botswana assets. Firestone on Tuesday agreed to extend the due date to allow Tango to finalise its proposed $30-million loan commitment with California-based financial lender Vanderbilt Commercial to finance the acquisition of the operations and provide the capital to restart the idled BK11 kimberlite diamond operations.
  • Tango Announces Extension for Acquisition of BK11 Mine 2016-07-29

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 29, 2016) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) is pleased to announce that Firestone Diamonds Limited ("Firestone"), has agreed to extend the date by when all conditions for the Company's acquisition of Firestone's past producing BK11 Kimberlite Diamond Mine ("BK11 Mine"), Botswana (the "Acquisition") must be satisfied.

  • Tango Announces Extension for Acquisition of BK11 Mine 2016-04-06

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 6, 2016) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) is pleased to announce that Firestone Diamonds Limited ("Firestone"), has agreed to extend the date by when all conditions for the Company's acquisition of Firestone's Botswana operations (the "Acquisition") must be satisfied.

  • Vanderbilt Commercial to fund $30m Tango loan for Botswana project 2016-03-28
    California-based financial lender Vanderbilt Commercial Lending has presented TSX-V-listed Tango Mining with a proposal outlining a $30-million loan commitment to fund Tango’s acquisition and the capital required to restart the BK11 kimberlite diamond mine (BK11 mine), in Botswana. Pending finalising the loan commitment agreement, the outstanding principal, plus accrued and unpaid interest would be due at the end of the five‐year term of the loan, which included an 18‐month pre‐paid interest Reserve Fund.
  • Tango sells South African diamond mine for $3m 2016-03-24
    TSX-V-listed Tango Mining has agreed to sell subsidiary African Star Minerals, which owns the Northern Cape-based Oena diamond mine, to South Africa-registered Bothma Diamante for $3-million. The transaction, for which Tango received a binding offer, comprised two stages, with Stage 1 comprising a binding term sheet and sale and acquisition agreement for contracting that would see Bothma continue the alluvial diamond bulk-sampling programme at Oena.
  • Tango Announces Positive NI43-101 PEA for BK11 Kimberlite Diamond Mine, Botswana and Updated Acquisition Terms with Firestone 2015-10-13

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 13, 2015) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) is pleased to report that it has completed a National Instrument 43-101 ("NI43-101") Preliminary Economic Assessment ("PEA") for the previously operating BK11 Kimberlite Diamond Mine ("BK11 Mine")*, in the Republic of Botswana. The BK11 Mine is a diamond bearing, champagne glass shaped kimberlite pipe with a surface area of 8.7 hectares ("ha"). The pipe itself is located in the Orapa/Letlhakane kimberlite district, which is one of the world's most prolific diamond producing areas.

  • Oena Operational Update and Diamond Sales 2015-08-05

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 5, 2015) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) provides an update on ongoing bulk sampling program at the Oena Project ("Oena").

  • Tango Mining Limited: Oena Operational Update 2015-07-06

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 6, 2015) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) announces commencement of the bulk sampling program at the Oena Project ("Oena") following receipt of the required necessary regulatory and ministerial approvals, and the subsequent completion of the transfer of the controlling interest in African Star Minerals (Pty) Ltd. ("African Star"). ASM holds a 100% interest in the Oena project, Northern Cape Province, South Africa.

Tango Mining Information

  • Company 2015-08-11
    Tango Mining Limited is a Canadian company that primarily operates in southern Africa with four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 million tonnes per annum, with clientele that include Total (SA) and Glencore plc. The four projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province. The Company also holds an interest in the Oena Project, a producing alluvial diamond property, Northern Cape Province, South Africa.

Tango Mining Operations

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