A South African Mining Management Company looking for funding to facilitate various Zimbabwean mining concessions
- South Africa - Zimbabwe
- Mining
- Start-up
- Facilitating Mining Management Company
- SAR 2.000.000 (US$ 150.000)
- Debt/Equity funding
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Phase 1; Facilitating the first concession
The current production of the first concession stands at 4 to 10 Kgs per month using the most rudimentary tools by the mine owner and his family and workers. Fidelity Zimbabwe pays out 98.5 % LME within 24 hours of the gold being deposited. The mine has both surface outcrop and a shallow (26 meters) underground ore body over a 4 square kilometre area, both being surface and underground workings. An assay of a random surface outcrop working produced 100g ore bearing shale to the value of 232.5g/ton. Exact reserves of Gold in this concession is considered to be in the order of 16 tons. The promoter has planned to do a full sweep of the area (3kms by 3kms) as soon as we have started the 1st month’s production. This survey will conducted by Amoref with advanced ground penetrating radar and software. This sweep will also include the five other mines.
Investment first concession
An initial investment of R2 million is required to start the project for equipment, transport, excavation machinery, refinery including a furnace plant to take the mined product to dory bar state with a purity of 98%. The capital is required to transport and commission
mining equipment already awaiting transportation from Springs in South Africa to Bulawayo in Zimbabwe. The promoter will finance all subsequent mine endeavours from their profits to the amount of $100,000.00 per month. Prospective investment partners can
of their own volition contribute to the capitalization of the other mines under discussion.
The entrepreneur
The entrepreneur worked in the Gold mining Industry for 22 years. Due to the unbundling of Barlow Rand and the subsequent collapse of Rand Mines and the dismantling of the mines managed by Rand Gold and Exploration, he decided to take a package on offer to the majority of personnel working for RGE at that time. He has also been a sports editor for the last 12 years.
Deal Terms
The promoter has a signed agreement in place with the Zimbabwean owner of the concession. The latter has agreed to split the mined gold 50/50 in return for placing the equipment on his mines. The investors are offered 30% of the South African share of the proceeds of the Gold sales.
Phase 2; Facilitating the surrounding concessions
The surrounding concession holders, (7 in total) have requested that they enter into the same agreement with the owner as with the owner of the first concession. The promoter has agreed to accept this under the following conditions;
Once they have the first two mines equipped and operational, they will have a 10 ton per hour crusher/wash plant on site. They will then switch the 5 ton plant to the processing of the concession holders ore and will build silos for the concession holders and process any ore on their behalf. This will be for control purposes of the input ore and Gold output of the concession holder’s product. They will be responsible for all their mining costs and half the cost of refining the ore to Dory bar status. The Gold will be split 50/50 with the concession holders. Contracts will be signed with the concession holders to this effect.
Interested? For more information including business plans, please contact:
Office Europe
Jan Reijer Brons
jrb@firmfactoryafrica.com
+31653354494
Office Africa
Kennedy Makimii
nmakimii@firmfactoryafrica.com
+254202448888
Phase 1; Facilitating the first concession
The current production of the first concession stands at 4 to 10 Kgs per month using the most rudimentary tools by the mine owner and his family and workers. Fidelity Zimbabwe pays out 98.5 % LME within 24 hours of the gold being deposited. The mine has both surface outcrop and a shallow (26 meters) underground ore body over a 4 square kilometre area, both being surface and underground workings. An assay of a random surface outcrop working produced 100g ore bearing shale to the value of 232.5g/ton. Exact reserves of Gold in this concession is considered to be in the order of 16 tons. The promoter has planned to do a full sweep of the area (3kms by 3kms) as soon as we have started the 1st month’s production. This survey will conducted by Amoref with advanced ground penetrating radar and software. This sweep will also include the five other mines.
Investment first concession
An initial investment of R2 million is required to start the project for equipment, transport, excavation machinery, refinery including a furnace plant to take the mined product to dory bar state with a purity of 98%. The capital is required to transport and commission
mining equipment already awaiting transportation from Springs in South Africa to Bulawayo in Zimbabwe. The promoter will finance all subsequent mine endeavours from their profits to the amount of $100,000.00 per month. Prospective investment partners can
of their own volition contribute to the capitalization of the other mines under discussion.
The entrepreneur
The entrepreneur worked in the Gold mining Industry for 22 years. Due to the unbundling of Barlow Rand and the subsequent collapse of Rand Mines and the dismantling of the mines managed by Rand Gold and Exploration, he decided to take a package on offer to the majority of personnel working for RGE at that time. He has also been a sports editor for the last 12 years.
Deal Terms
The promoter has a signed agreement in place with the Zimbabwean owner of the concession. The latter has agreed to split the mined gold 50/50 in return for placing the equipment on his mines. The investors are offered 30% of the South African share of the proceeds of the Gold sales.
Phase 2; Facilitating the surrounding concessions
The surrounding concession holders, (7 in total) have requested that they enter into the same agreement with the owner as with the owner of the first concession. The promoter has agreed to accept this under the following conditions;
Once they have the first two mines equipped and operational, they will have a 10 ton per hour crusher/wash plant on site. They will then switch the 5 ton plant to the processing of the concession holders ore and will build silos for the concession holders and process any ore on their behalf. This will be for control purposes of the input ore and Gold output of the concession holder’s product. They will be responsible for all their mining costs and half the cost of refining the ore to Dory bar status. The Gold will be split 50/50 with the concession holders. Contracts will be signed with the concession holders to this effect.
Interested? For more information including business plans, please contact:
Office Europe
Jan Reijer Brons
jrb@firmfactoryafrica.com
+31653354494
Office Africa
Kennedy Makimii
nmakimii@firmfactoryafrica.com
+254202448888