Shanta Gold Limited is a

gold mining Gold mining is the extraction of gold resources by mining. Historically, mining gold from alluvial deposits used manual separation processes, such as gold panning. However, with the expansion of gold mining to ores that are not on the surface ...

company, registered in

Guernsey Guernsey (; Guernésiais: ''Guernési''; french: Guernesey) is an island in the English Channel off the coast of Normandy that is part of the Bailiwick of Guernsey, a British Crown Dependency. It is the second largest of the Channel Islands ...

in the

Channel Islands The Channel Islands ( nrf, Îles d'la Manche; french: îles Anglo-Normandes or ''îles de la Manche'') are an archipelago in the English Channel, off the French coast of Normandy. They include two Crown Dependencies: the Bailiwick of Jersey, ...

but which operates in

Tanzania Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands and ...

. The company is listed on AIM on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

(symbol: LON:SHG) and had a market capitalisation of £63.5M as of 18 September 2013. The Tanzanian offices are in

Dar Es Salaam Dar es Salaam (; from ar, دَار السَّلَام, Dâr es-Selâm, lit=Abode of Peace) or commonly known as Dar, is the largest city and financial hub of Tanzania. It is also the capital of Dar es Salaam Region. With a population of over s ...

. Its bankers are

UBS UBS Group AG is a multinational Investment banking, investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres ...

. Shanta Gold is incorporated in Guernsey and maintains an office in

Saint Peter Port St. Peter Port (french: Saint-Pierre Port) is a town and one of the ten parishes on the island of Guernsey in the Channel Islands. It is the capital of the Bailiwick of Guernsey as well as the main port. The population in 2019 was 18,958. St. P ...

. Shanta's most important project is

New Luika Gold Mine The New Luika Gold Mine is an active mine in the Lupa Gold Field, an area of about in south west Tanzania, north of Mbeya, that is known for its gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. T ...

, in the

Lupa Gold Field The Lupa Gold Field is an area of about in south west Tanzania, north of Mbeya, that is known for its gold deposits. European mining is believed to have started after alluvial gold was found in water drawn from the Lupa River, near Lake Rukwa. Lode ...

of south western Tanzania, which saw its first gold pour in August 2012. The company's mines are all currently in Tanzania but projects elsewhere in

East Africa East Africa, Eastern Africa, or East of Africa, is the eastern subregion of the African continent. In the United Nations Statistics Division scheme of geographic regions, 10-11-(16*) territories make up Eastern Africa: Due to the historical ...

are envisaged. 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.

Production statistics

Ownership

The following are the major investors that own more than 3% of the companys shareholdings:

References

External links

Official WebsiteGold JewelleryGold Trading
{{Authority control Mining in Tanzania Gold mining companies Companies of Guernsey Companies listed on the Alternative Investment Market