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Tacmin Madini is a growing and diversified group of expertise and associates who specialize in the provision of multi-disciplinary advice and solutions to the Openpit minerals sector



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FEATURED MINING COMPANY

GOLDFIELDS

ZIMBABWE

Damang Gold Mine:  is located in south-western Ghana, about 300 km by road, west of Accra, the capital of Ghana, and 30 km north of the neighbouring Tarkwa Gold Mine.

The mine is served by a main road connecting to the port of Takoradi, some 90 kilometers to the south-east. The mine infrastructure consists of multiple open pits, surface stockpile sources and a CIL plant.

The Damang Gold Mine exploits oxide and fresh hydrothermal mineralisation in addition to Witwatersrand-style, palaeoplacer mineralisation, similar to that of the Tarkwa Gold Mine. The mine has a mineral resource of 4.7 million gold ounces and a mineral reserve of 2.1 million ounces.

Damang recently decided to move towards owner mining at the operation, which should result in a significant cut in the cash costs at the mine.

Tarkwa Gold Mine: is located in south-western Ghana, about 300 km west of Accra, the capital of Ghana.

It is situated some 4 km west of the town of Tarkwa, which has good access roads and an established infrastructure, and is served by a main road connecting to the port of Takoradi some 60 km away at the Atlantic coast.

The infrastructure of the mine consists of six open pits, two heap leach facilities, and a CIL plant.

The ore body consists of a series of sedimentary banket quartz reef units (conglomerates) of the Tarkwain System, that are similar to those mined in the Witwatersrand basin of South Africa.

Tarkwa has a mineral resource of 15.3 million gold ounces and a mineral reserve of 9.9 million oz.

PLATMIN

SOUTH AFRICA

Pilanesberg Platinum Mine: The first blast took place in March 2008, and was followed by the start of development.

The UG2 plant was commissioned a year later in March 2009 and the Merensky plant in June 2009.

Production is being built up and is scheduled to reach forecast annual steady state production of 250,000 PGM oz (3PGM+Au) in 2012.


Corporate Responsibility

Letter from the CEO

Responsibility

Tacmin Madini is a growing and diversified group of expertise and associates who specialise in the provision of multi-disciplinary advice to the openpit minerals sector, and we are well aware that our endowment brings with it both opportunity and responsibility.

Corporate responsibility is increasingly central to our strategic and operational thinking. We cannot sustain good financial and operational performance without simultaneously achieving our objectives in human resource development, the environment and community development. We believe our transparent approach to doing business is the only way to fully engage our customers in a meaningful, mutually beneficial, relationship.

Ongoing focus on stability and growth

Tacmin Madini
implemented significant changes during 2011. These were designed to strengthen our portfolio and form associations with established professionals / companies who have a vision similar to ours..

We also introduced the enhanced capabilities to our customers. I am pleased that none of our customers were affected and that they will in future have the option to engage our services relating to the said professionals / companies.

With stable operations and cash flow in Africa, including a new project in South Africa and East Africa, we are now focused on the growth of our portfolio, including creating a global awareness of our capabilities and services.

During April 2011, Tacmin Madini signed an official distributorship arrangement with Turkey-based CWP, a manufacturer of enrichment and classification plants who has been delivering a broad range of technology based products and solutions since 1990. Tacmin Madini and CWP co-operate in the delivery of enrichment and classification plants from concept to commission.

We are also proud of GeoActiv’s involvement as associates of Tacmin Madini, as they bring a wealth of experience in mineral resource evaluation. We look forward to establishing associations with industry experts that specialise in other disciplines who share a similar vision as we.

Strategic priorities

Tacmin Madini's fundamental policy is to conduct its business responsibly and in a manner designed to protect our customers, employees, communities and the natural environment. The company is committed through its support to our clients to achieving a safe, productive and healthy work environment and to upholding the values of human rights. We seek to create sustainable value for employees, business partners, communities and, first and foremost, our customers and their shareholders.

The company is committed to design, develop and assist operational and future openpit mines with a view to minimising the environmental impact of its operations; water and other resources; reducing or preventing pollution, limiting waste generation and disposal; and where waste must be disposed of, doing so responsibly.

Key challenges moving forward

Strategically, we remain active business solution managers and are looking to upgrade our customer base through measurable and sustainable value-added collaboration. With our Africa operations running well, we are increasing our corporate and business development activities and are seeking to grow the company. We are very aware that our ability to acquire and develop new projects depends on our reputation as ethical and responsible business solution providers.

In view of our anticipated medium-term growth, there are a number of challenges we continue to address in the area of corporate responsibility. These include:

Concerted action to lift our performance to be the openpit mining industry’s number one value-added business solution provider.
Sustaining the considerable efforts directed to continuous improvement across our operations.
Responding effectively to changing regulatory frameworks and stakeholder expectations.

Meeting these challenges will require the continued dedication and hard work of every Tacmin Madini employee and specialist, and I am confident that we will deliver on our commitments, as we have in the past.

In closing, I would like to acknowledge the work of our management team and their valuable contribution to, the evolution of our approach to corporate responsibility. I also look forward to constructive dialogue and collaboration with our customers and invite your feedback on this report.

Sarel Blaauw
CEO Tacmin Madini

 

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