• Company registered in July 2008 in Ghana
• We acquired 3 major concession in Ghana
• Concessions are not operational
Objectives
• Seek joint venture partners
• Seek investors for each mining concession
• Develop full scale mining operation
• NANA KWABENA KWARTENG CHAIRMAN / SHAREHOLDER
• NEVILLE ISAIAH REID
• TREVOR SOLOMON GUY
DIRECTOR / SHAREHOLDER
DIRECTOR / SHAREHOLDER
• DAN FONTAINE
• CLAUDIA JOAN GALE
• BRIGHT AWA-AMANFO
• RUTH U. IWUJI
DIRECTOR /SHAREHOLDER
DIRECTOR / SHAREHOLDER
DIRECTOR / SHAREHOLDER
SECRETARY / SHAREHOLDER
Equal share holders of Barima Kwarteng
• Ghana is well endowed with substantial mineral resources. The mining industry plays a significant role in the country's economy. It is a foreign exchange earner, it is a major source of employment and contributes enormously to the internal economy.
• The country has had a long history of mining, particularly gold mining. The metal was mined and traded by Ghanaians long before the arrival of
Europeans in 1471. Since then gold has continued to be the predominant mineral produced in the country.
Ghana runs second to South Africa in gold production in Africa. Other minerals mined on large scale are diamonds, bauxite, manganese and salt.
BARIMA KWARTENG & ASSOCIATES
LIMITED SUBSIDIARIES AND THE ROLE THEY PLAY IN THE PROJECTS
• The three main subsidiaries are:
• (1).
Rocks & Rivers Mining Limited
• (2) D’pong Limited
• (3) Rokway Limited
• Since the Goldfield Concessions are situated in three separate Districts in
Ghana far away from each other, these subsidiaries will play the following role:
• Domeabra / Aboaboso Goldfields operation would be controlled by Rocks
& Rivers Mining Limited.
• Sekyere / Nsuta Goldfields will be controlled by D’pong Limited .
•
Mfensi Goldfields will be controlled by Rokway Limited
• Rocks & Rivers Mining Limited Goldfields
Concession covers an Area of 48.71 square kilometers and lies on Asankragua Gold belt in the Amansie District of Ashanti Region of the
Republic of Ghana.
• Oda River Exploration proved a total of
160,000,000 of Auriferous gravels with an average grade of 0.68 gm/m3 or .024 oz /m3 , giving a total Reserves of 2,600,400 ounces.
• D’pong Construction Limited Goldfields
Concession covers and Area of 140 square kilometers and lies on Ashanti Gold belt in
Sekyere Nsuta in the Daboase District in the
Western Region of the Republic of Ghana.
• Ofin River Exploration proved a total of
120,000,000m3 of Auriferous gravels with an average grade of 0.62 gm/m3 or .021 ounce m3 giving a total Reserves of 2,204,500 ounces.
• Rokway Enterprises Limited Goldfields
Concessions covers an Area of 84.69 square kilometers and lies on Kumasi Basin and
Asakragua gold belt in the Atwima Nwabiagya
District in Ashanti Region of the Republic of
Ghana
• Pra River Exploration proved a total of
100,000,000m3 of Auriferous gravels with an average grade of 0.52 gm/m3 or .017 m3 , giving a total Reveres of 1,617,500 ounces.
The three separate Goldfields Concessions all have three types of mining as follows:
• To dredge the Rivers, Streams, Soil and Soil Sediments for
Nugget gold, Alluvial gold and Diamonds as surface Mining.
The dredging project cost is estimated at (US$10,000,000.00)
Ten Million United States Dollars for each Goldfields
Concession.
• To open cast of the shears, or the Hills or the Mountains for both oxide Gold ore and hard rock gold ore also as surface mining. The open cast project cost has been estimated at
(US$50,000,000.00) Fifty Million United States Dollars for each
Goldfields Concession.
• To retrench the old abandoned pits (shafts) as the result of
1939 to 1945 second World War. Also to open new pits to sink shafts for both oxides gold ore and hard rock gold ore as underground mining. The project cost has been estimated at
(US$500,000,000.00) Five Hundred Million United States Dollars for each Goldfields Concession
CME (GHANA) Ltd
Canadian Mineral Exploration
Consultants Working Worldwide
148 / 6 Labone Crescent
PO.Box C723
Cantonments
Accra, Ghana
WHAT IS THE ROLE OF BARIMA KWARTENG &
ASSOCIATES LIMITED CONSULTING FIRM?
• Barima Kwarteng & Associates Ltd is responsible for sourcing of funds, acquisition of
Mining Equipments, and all resources needed for the start and successful implementation of the three projects. All legal issues, Agreements,
Registrations, Licensing, etc, etc. needed for smooth operation of the Mining and
Implementation will be the major responsibility of
Barima Kwarteng & Associates Ltd.
WHO WILL SUPPLY THE EQUIPMENTS?
• We expect our investors to supply us with the needed equipments for the project. It is estimate that (US$8,000,000) Eight
Million United States Dollars is needed for the equipments and (US$2,000,000) Two
Million United States Dollars working capital for each project.
• We intend to use the loan proceeds as follows:
ITEMS
DEVELOPMENT COSTS PER SITE
1 Machinery, Equipment and tools
AMOUNT ($)
8,000,000.00
2 Contingencies 590,000.00
PROPORTION %
77.67%
5.73%
3 Reoperation and start-up 870,000.00
8.45%
5.24% 4 Working Capital
5 Legal and Brokerage fees
Total Application
540,000.00
300,000.00
10,300,000.00
2.91%
100%
Three Sites Total
$ 30,900,000
.00
NO.
1
2
3
10
11
12
13
14
15
16
7
8
9
4
5
6
17
18
19
20
21
22
23
EQUIPMENTS
GOLD WASHING PLANT
DREDGERS
THE LIST OF EQUIPMENT
CRUSHERS
EXCAVATORS
BULLDOZERS
16 WHEELER
10 WHEELER
6 WHEELER
WHEELER LOADERS
GENERATORS
GRADERS
GOLD REFINERY
CROSS COUNTRY VEHICLES 4X4
DOUBLE CABIN PICK UPS 4X4
SINGLE CABIN PICK UPS 4X4
SPARE PARTS
INFRASTRUCTURES
BACKHOLE (TRACTOR)
EXPLORATION DRILL
OVER BURDEN DRILL
WHEEL WATER WAGON OR WATER TANK ON WHEEL
WHEEL LOW LOADER BULLDOZER CARRIER
CAMP HOUSES
QUANTITY
3
3
3
3
6
3
3
12
12
12
12
3
6
6
12
3
6
3
3
6
HOW LONG WILL IT TAKE FOR THE EQUIPMENTS TO REACH GHANA?
• One research from the Ghana shipping agency reveals that it will take a minimum of (45) forty -five days or a maximum of
(90) ninety days.
HOW LONG CAN THE DREDGING FOR GOLD BE DONE?
According to our Geologists and experts from Anglogold Ashanti and Rangold, the production can be done for up to (29) twenty-nine years
WHAT ARE THE EXPECTED ANNUAL OUTPUT, REVENUE AND COST
PER GOLDMINE?
• The following is our projected annual financial expected from the three project sites
PROJECT
SITES
DOMEABRA
NSUTA
ANNUAL
OUT
PUT
(KG)
ANNUAL
REVE
NUE
($)
ANNUAL
COST
(MILLI
ON)
13,120 22,400,000.0
0
3,200,000.00
14,800 19,200,000.0
0
2,800,000.00
MFENSI 8,200 14,000,000.0
0
2,000,000.00
TOTAL $32,800 $55,600,000.
00
$8,000,000.00
WHAT IS THE SHARE SHARING RATIOS BETWEEN INVESTORS AND OWNERS OF CONCESSION?
• The answer depends on the type of mining project under consideration.
• For the dredging of the Rivers, Streams, Soil and Soil Sediments for Alluvial gold, Nugget gold and Diamonds as medium scale surface mining, the shares structure is INVESTORS 55%, CONCESSION OWNERS 45 %.
• For Open Cast of the Shears or Mountains or Hills for Oxide gold ore and hard rock gold ore as medium scale surface mining – INVESTORS 60%,
CONCESSION OWNERS 40%.
• For the Retrenchment of the old abandoned pits as a result of the second world war and also to open new pits for Oxide gold ore and hard rock gold ore as large seal underground mining, shares – INVESTOR 70%,
CONCESSION OWNERS 30%.
• The Government of Ghana will hold 10% royalty share based on net profit in accordance with the minerals and mining Law 153.
• We have a gold washing plant currently at
Tema port Ghana.
• The production capacity of the machine is
250 cubic yard per hour. Its efficiency is
85-90%.
• 5000g of gold will be produced per day
• Installation & production begin in 1 month
• Washing plant and accessories estimated at $300,000 approximately.
• 1 st option on recovered gold at discount