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Ghaghoo Data

Ghaghoo Information

  • General 2015-05-10
    Board approved a capital budget of US$85 million in March 2011, for the construction of Phase 1 of the Ghaghoo underground mine Construction of the Phase 1 commenced in mid 2011 and continues on time and within budget

Nearby Locations

Nearby Location 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.

Ghaghoo News

  • Gem Diamonds ups cash, stops Ghaghoo cash bleed 2016-02-03
    Diamond-mining company Gem Diamonds ended the year with net cash of $55.3-million and an on-track dividend outlook. The London-listed Africa-focused company owns 70% of the Letšeng diamond mine in Lesotho, which is continuing to generate cash in the current testing market conditions, and 100% of the Ghaghoo, where cash outflow is being staunched.
  • GEM Diamonds downsizes Ghaghoo mine in Botswana's Kalahari to protect balance sheet and preserve dividend strategy. http://www.miningmx.com/page/news/diamonds/1656788-GEM-slows-Ghaghoo-to-protect-bala 2016-02-03

    GEM Diamonds downsizes Ghaghoo mine in Botswana's Kalahari to protect balance sheet and preserve dividend strategy. http://www.miningmx.com/page/news/diamonds/1656788-GEM-slows-Ghaghoo-to-protect-balance-sheet#.VrG3AlL-P5c 

Related News

  • Gem Diamonds' Letšeng mine a cut above 2016-05-17
    The Lesotho diamond mine’s strong start to the year helped to counter the downsizing of operations elsewhere
  • Gem Diamonds ups cash, stops Ghaghoo cash bleed 2016-02-03
    Diamond-mining company Gem Diamonds ended the year with net cash of $55.3-million and an on-track dividend outlook. The London-listed Africa-focused company owns 70% of the Letšeng diamond mine in Lesotho, which is continuing to generate cash in the current testing market conditions, and 100% of the Ghaghoo, where cash outflow is being staunched.
  • GEM Diamonds downsizes Ghaghoo mine in Botswana's Kalahari to protect balance sheet and preserve dividend strategy. http://www.miningmx.com/page/news/diamonds/1656788-GEM-slows-Ghaghoo-to-protect-bala 2016-02-03

    GEM Diamonds downsizes Ghaghoo mine in Botswana's Kalahari to protect balance sheet and preserve dividend strategy. http://www.miningmx.com/page/news/diamonds/1656788-GEM-slows-Ghaghoo-to-protect-balance-sheet#.VrG3AlL-P5c 

  • Letseng Operational Update 0000-00-00
    Market News alert Gem Diamonds Limited

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