Deal #5431

Location #1

Spatial accuracy level
Coordinates
Location
Bukavu, Democratic Republic of the Congo

Latitude
-2.874295346629811
Longitude
28.736438751220703
Target country
Congo, Dem. Rep.
Comment on location
45 kilometres south-southwest of Bukavu in South Kivu Province 2 ̊52’ South and 28 ̊45’ East

Land area

Comment on land area
The company holds six exploitation permits covering 1,164 square kilometres =116,400ha. Mine located within the permit area, exploration activities also continue to occur within the permit area. Mine area not known. Mine is located within permit area 42 (concession number 90).

Intention of investment

Intention of the investment
Mining

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)
Comment on nature of the deal
The mine has an expected life of 14 years from currently defined reserves.

Negotiation status

Negotiation status
[2002] Concluded (Contract signed)

Implementation status

Implementation status
[2012] In operation (production)
Comment on implementation status
First gold poured in 2011, commercial production reached in 2012.

Leasing fees

Comment on leasing fees
A royalty calculated at 1.0% of re venue is paid to the DRC government.

Contract farming

Contract farming
No

Operating company

Operating company

 

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Data source #1

Data source type
Company sources
File

Data source #2

Data source type
Company sources
File
Date
2011-03-24
Comment on data source
ECONOMIC ASSESSMENT NI 43-101 TECHNICAL REPORT, TWANGIZA PHASE 1 GOLD PROJECT, South Kivu Province, Democratic Republic of the Congo

Data source #3

Data source type
Company sources
File
Date
2015-07-29
Comment on data source
NI 43-101 TECHNICAL REPORT MINERAL RESOURCE AND RESERVE UPDATE DECEMBER 31, 2014 TWANGIZA GOLD MINE DEMOCRATIC REPUBLIC OF THE CONGO

Data source #4

Data source type
Media report
File
Date
2017-02-07
Comment on data source
Mining.com-- Four dead after armed robbers storm DRC gold mine

Former land owner (not by constitution)

Comment on former land owner
The gold deposit was originally discovered in 1950's. In 1996, Banro acquired control of the Twangiza property. The mine was started after 2000.

Former land use

Former land use
Other
Comment on former land use
artisanal mining

Former land cover

Former land cover
Other land (e.g. developed land – specify in comment field)

Detailed crop, animal and mineral information

Resources area
Gold

Use of produce

Has export
Yes

In country processing of produce

In country processing of produce
Yes

Water extraction envisaged

Water extraction envisaged
Yes

April 6, 2017, 4 p.m.

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