Operations

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OPERATIONS

We are international

KENYA

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

CURRENT PROJECT

Kibali Gold Mine, Orientale, Congo (DRC)

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.

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Kibali Gold Mine
Kibali_Liquid Gold

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We operate as contractual traders to a portfolio of predominantly low cost, long life mines that have strong pipelines within the Bursa, Uganda and Kibali, Congo (DRC) exploration projects.

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