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Tango Pulls Out of Angola Diamond Venture
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Tango Mining has terminated its service agreement to mineand market diamonds from the Moquita project in Angola. The company, in September, signed on to finance the alluvial project, which is located just north of Lucapa’s Lulomine. While...
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Mining
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Aug 21, 2019
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Rapaport News
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Tango Exits Coal to Focus on Diamonds
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Tango Mining plans to dispose of its South African coalbusiness to focus on its diamond operations, amid “continued operational success” at its Oena mine, the company said. Kevin Gallagher, a director of Tango, will purchase theminer’s 74%...
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Mining
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Aug 04, 2019
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Rapaport News
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Tango Averages $1.4K/ct. at Rough Sale
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Tango Mining sold a 19.87-carat rough diamond for $4,358 percarat, one of a number of high-value stones up for tender from its Oena projectin South Africa. The miner sold 230 stones totaling 531.82 carats from...
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Mining
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Jul 23, 2019
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Rapaport News
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Tango Sells Diamond for Nearly $8K/ct.
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Tango Mining sold a 5.28-carat rough diamond for $7,730 per carat, boosting sales from its Oena project in South Africa. The diamond was one of 190 stones totaling 333.25 carats, which the miner...
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Mining
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Jun 18, 2019
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Rapaport News
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Tango Takes On Two New Mines
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Tango Mining has expanded its portfolio with the acquisitionof a Liberian mine, as well as signing an agreement to finance an alluvialproject in Angola. The miner has bought an 80% share in the Mano River Projectin Liberia from West...
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Mining
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Sep 13, 2018
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Rapaport News
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Tango Sells 42ct. Diamond for $476K
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Tango Mining has sold a 42.26-carat diamond from its Oena projectin South Africa for $11,267 per carat, it said. The company — which recovered the stone earlier this month— sold it for $476,143 at a tender...
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Mining
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Jul 30, 2018
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Rapaport News
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Firestone Extends BK11 Financing Deadline Again
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Firestone Diamonds agreed to push back the deadline for thesale of its Botswana operations to Tango Mining for the fourth time to enablethe buyer to finalize funding. The announcement came as Tango agreed a $10million loan to finance...
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Mining
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Aug 30, 2016
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Rapaport News
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Firestone Postpones BK11 Sale
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Firestone Diamonds extended Tango Mining’s deadline for a thirdtime to enable the latter to finalize a loan for financing an acquisition ofthe BK11 mine in Botswana.Firestone agreed to sell the mine to Tango last year for $8million and...
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Mining
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Aug 01, 2016
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Rapaport News
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Tango Gets $30M Loan to Complete Botswana Mine Deal
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BK11 mine, Botswana Tango Mining has secured a $30 million loan that will fund thedelayed acquisition of a mine in Botswana from Firestone Diamonds after beinggranted an extension to raise funds for the purchase.This follows Tango...
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Mining
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Mar 30, 2016
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Rapaport News
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ATC Enterprises Enters Pre-IPO Strategy
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Business advisory firm Global Equity International Inc. said that Dubai-based ATC Enterprises DMCC agreed on introducing a pre-IPO (initial public offering) capital strategy, with the ultimate intent of listing shares on a public stock exchange....
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Financial-Legal
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Jul 10, 2015
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Jeff Miller
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