Shanta Gold
Tanzanian gold mining company
From Wikipedia, the free encyclopedia
Shanta Gold Limited is a gold mining company, registered in Guernsey in the Channel Islands but which operates in Tanzania. The company is listed on AIM on the London Stock Exchange (symbol: LON:SHG) and had a market capitalisation of £63.5M as of 18 September 2013.[2] The Tanzanian offices are in Dar Es Salaam. Its bankers are UBS.[3]
| |
| Industry | Mining |
|---|---|
| Predecessor | Shanta Mining Company Limited |
| Founded | 2001 |
| Headquarters | , Guernsey |
Area served | Tanzania |
Key people | Eric Zurrin [1](C.E.O) |
| Products | Gold Gold Exploration |
| Revenue |  $95,705,000 (2015) |
| ($11,125,000) (2015) | |
| ($17,206,000) (2015) | |
Number of employees | 1,045 (2015) |
| Parent | Shanta Gold Holdings Limited |
| Website | www |
Overview
Shanta Gold is incorporated in Guernsey and maintains an office in Saint Peter Port.[4] Shanta's most important project is New Luika Gold Mine, in the Lupa Gold Field of south western Tanzania, which saw its first gold pour in August 2012.[5] The company's mines are all currently in Tanzania but projects elsewhere in East Africa are envisaged.[6] Shanta sub-contracts all aspects of the mining process in order to shorten the time taken for a new mine to become productive.
On 20 December 2023, Shanta Gold agreed to a £142 million buyout offer from Tanzania-based Saturn Resources, leading to the removal of its AIM listing.[7]