Taung Gold is a gold developer founded and registered in South Africa in 2004 by mining entrepreneurs David Twist and Rudolph de Bruin. The company's basic strategy remains to acquire gold assets that have the potential to develop into world-class operating mines.
Three years after its establishment, the company signed an agreement, resulting in two flagship projects: Evander and Jeanette. Taken together, these projects have a total measurable and indicative mineral resources of more than 15 million ounces of gold, and recently announced total mineral reserves of more than 11 million ounces of gold. The Evander project is now ready to be developed into a high-end, low-cost, long-life gold mine. The Janet project is still in the feasibility study stage and, once developed, has the potential to become a major gold producer.
When the South African company was acquired by a Hong Kong-listed company in 2011, the assets were listed on the Hong Kong Stock Exchange, creating a new gold-focused entity, Taung Gold International Limited.
The company's flagship project is held in South Africa by Taung Gold (privately owned) Limited, a non-wholly owned subsidiary of Taung Gold International Limited. South African entities fully comply with South African laws, including those relating to black economic empowerment (BEE). The company is fully BEE compliant, with 24.02 per cent of its BEE partner (Sephaku Gold Holdings) and 1.98 per cent of the company under the Taung Gold employee participation scheme.
CEO： Poqin christiaan rudolph de wet de bruin Zhang
Market： Hong Kong motherboard
Listing Date： 12/18/1995