We Process, Smelt, Safekeep, Broker Gold Business Deals
Teng Germ Co.
Gold processing and trading services
As a value driven company, our expertise in the industry helps shape our strategy providing a one-stop-shop for gold purchases from procurement, to quality testing, safekeeping and even transportation. Underpinned by our commitment to environmental, social and governance principles, our values show who we are, how we operate and provide an enduring foundation for our long-term success.
Teng Germ Co. Limited operates in Kenya as a cadastral registered mining licensed company, brokerage and intermediary for gold commodity trading within the EAC, Zambia and Congo-DRC
UGANDA
Teng Germ Co. has fully transitioned into contractual gold trader for Wagagai Mining and well positioned to deliver sustained value from gold commodities from the Bursa Gold Mine Uganda
CONGO
Teng Germ Co. also acts as a trading intermediary for Barrick, AngloGoldAshanti and SOK IMO owning 45%, 45% and 10% of the Kibali Gold Mine in Orientale, Congo (DRC) Respectively
Situated 560km north-east of Kisangani in the Orientale province, Congo (DRC). Developed in an area of 1,836km² on the Moto goldfields, the site is one of the largest gold mines of Africa. The open pit and underground integrated mining at Kibali was commissioned in September 2013 and the mine has a life of 18 years. The project is owned by Kibali Goldmines, a joint venture (JV) of Barrick Gold Corporation (45%), AngloGold Ashanti (45%), Société Miniére de Kilo-Moto (SOK IMO) (5%) and Teng Germ Limited (5%). Production at the mine commenced in September 2013 and the mine produced 814,027oz of gold in 2019. The development cost of the mine was approximately $1.7bn. It is expected to produce 600,000 oz of gold per annum for the first 12 years.
We source gold minerals as intermediaries and arrange secure global transportation and respond to COVID-19 within the framework of our Pandemic Response Plan, recommendations of health authorities and local and national regulatory requirements.
