HERE ARE BIG DEALS IN DIAMOND, GOLD & COPPER MINES
A 15-year old, experienced BEE company invites you to a broad-based consortium that is buying diamond mines, copper mines as well as a gold mine for approximately US $50million.
This BEE company which has numerous investments is looking for financial partners (Black or White, individual or institution) with a minimum of R1 million to invest.
Alternatively, if they do not have funds, they can bring their existing mining licenses into this consortium. Also, those interested parties who have contacts with owners of mining rights who have no money to do their own mining/exploration are also welcome to join this group.
DIAMOND MINE ONE: Life of mine estimated at 9 years with an operational plant including three 14 ft washing pans. Monthly production estimated to be 200 cts from 18 000 tons of gravel. Mine has modern screening facilities, adequate water pumping systems with all equipment included in sales price.
DIAMOND MINE TWO: Last report and drilling done during 1998. Diamonds in the upper terrace will be a bonus to the R 100 000 000 estimated value of the Greenfield. Processing method will be open cast mining.
Mine was in prospecting stage and was not upgraded to mine status due to lack of funds. Prospective buyers must be able to start from scratch. Based on geometric data and the result of drilling program, a 20 m deep quarry was excavated, producing 81 284 tons of gravel from which 620 cr of diamonds were recovered. Reaching between 5.3 and 7.08 carats, reaching an average of R 2 096 per carat. 205 Carats from above were recovered from 56 800 tons upper terrace deposits (approx 100 000 sq meters still untouched) and 425 carats were recovered from 24 484 tons of lower terrace gravel.
GOLD MINE ONE: The reason for sale is that the owner is over 90 years old. Mining and milling cost estimated at $ 297 per ton of ore.
At $ 900/ounce the estimated gold value is $ 216 000 000. State geologist and consultants have stated resources between 160 000 and 650 000 metric tons of ore. Using a minimum of 300 000 tons of ore there is at least 240 000 ounces of gold.
DIAMOND MINE FOUR: This diamond mine was set to go into production in 2004, when the mining permit was obtained, but lacked the capital resources.
A recovery barge is half way built, capable of extracting 100-150 tons of gravel per day. Approximately 37 carats will be recovered for every 100 tons of gravel processed. There are several mining areas and one area has resources estimated to be 12 000 carats. A geologist report is available.
Entire mining are covers 6.7 kilometres. Seller will work and run the mine for the buyer for at least six months after the acquisition. It is for sale for US $19million.
Interested parties must submit their company profiles to mphuthi@empowermentsa.co.za. and they need to demostrate capacity of dealing at this financial and investment level
