Jadan Gold Mines is a registered Tanzanian mining company with infrastructure, gold pits, gold processing plant, equipments, mining and environmental permits. It was established in 2017 by young, ambitious and passionate status quo shakers.
We aim to raise additional funds (working capital) through crowdfunding and reward the investors by giving them shares depending on the size of their investment. Once investors acquire shares they will be registered in our shareholders register and entitled to receive dividends twice per year (30 June and 31 December).
We are focused on gold concentrates processing and production. The company has gold pits and gold concentrates processing plant located at Greenstone Belt Goldfields in Western part of Tanzania, on the same gold belt with the Giants Geita Gold Mines (GGM) operated by AngloGold Ashanti and Buzwagi Gold Mines operated by Acacia Mining (These are the largest gold mines in Tanzania)
We had opted to use the VAT Leaching technology which is commonly known as CIL (Carbon In Leach) Gold Plant. Construction of our CIL Plant was completed in August 2018 and we officially started operations in October 2018.
Our refinery Gold Plant is capable of processing a minimum of 2000 tons of gold concentrates per month whereby if gold concentrates contains 3 PPM (Particle Per Million) and above then it produces a minimum of 2kg of GOLD per month. The present gold price per 1Kg ranges between USD 41,159 to USD 41,100.
The investment so far has fetched the cost to over a tune of TShs 550,000,000 equivalent to USD 239,130 (Assuming exchange rate of 1USD; TShs 2,300).
The company do not have any loan from financial institutions, the only repayable loan is due to one shareholder of the company.
The whole project has created more employment to youths both directly and indirectly since its multiplier effects is felt directly. At the current stage the project has directly employed casual labor of around 16 and 9 direct permanent employment youths who are professionals in different capacities. At same time the company is be able to give back to the community and share the profit earned in donating to social services especially providing clean water to villagers as the area surrounding the project faces a high level of clean water shortage.
Our long term goal is to become a leading, sustainable and efficient medium sized gold producer. We will achieve this through creating value for our shareholders by minimizing risks related to gold mining and increase efficiency
We are committed to providing a positive working environment free of discrimination and harassment in all of our activities. We act and treat each other with dignity and respect. We believe that employees who are treated with respect have a higher level of professional performance. All of our employees are given equal opportunities and career development. We reward and encourage teamwork, creativity and innovation.
Environmental responsibility is a central issue in a company with operations involving environmental risks. Jadan Gold Mines seeks to minimize the negative impact of our operations on the environment by focusing on adopting innovative technologies, continuously optimizing resource utilization and decreasing waste.
Jadan’s success will depend on trust and support from all stakeholders, including shareholders, employees, suppliers, contractors, government and local communities, which is why we are committed to the highest standards of integrity and sustainability. We have zero tolerance for corruption and aim to have the maximum level of transparency in our dealing with Government authorities. We genuinely believe that good corporate governance adds shareholder value.