R.Ravi Varma

Sri R.Ravi Varma Managing Director of the firm is a post graduate in computer sciences from western Michigan University, USA and has 10 years of rich and varied experience in Infrastructure and Mining services. He is from the family of NCC group and his father Sri . R. Narayana Raju is a promoter director of NCC Limited which is one of the leading infrastructure companies in India. Mr.R Ravi Varma is also an executive Director in RRV Infra (P) Ltd., a 15 years old profit making company engaged in the execution of Turnkey Projects, Townships, Industrial Structures, Flyovers, Transmission/Distribution Lines & Substations, Internal & External Electrification, Project Electrification, Mining services. He is director in Touzen infotech IT services Pvt Ltd which is executing software projects in India & Africa ( Ghana). He is also Managing director of Sunshine Global Mining Pvt Ltd, India which is the holding company of Mackenas Gold Mining SARL, Mali.

R.Rajendra Verma

Sri R.Rajendra Verma Director of the firm is Graduate Civil Engineer from Osmania University, Hyderabad and has 15 years of rich and varied experience in Infrastructure works, Mining Services. He is from the family of NCC group and his father Sri . R. Narayana Raju is a promoter director of NCC Limited which is one of the leading infrastructure companies in India. He is also Director in Manu Energy Systems Pvt Ltd, India, which is executing 184 MW hydro Power project at Nagaland, India. He is director in Touzen infotech IT services Pvt Ltd which is executing software projects in India & Africa ( Ghana). He is also Director in Radiant Mining Madagascar SARL, Madagascar which is into Copper mining & Trading. He is also Director of Sunshine Global Mining Pvt Ltd, India which is the holding company in Mackenas Gold Mining SARL, Mali.

What We Do

Mandin Gold Mining Sarl, incorporated on November 22, 2011, is engaged in conducting underground and surface gold mining and related activities, including exploration, processing and smelting. The Company conducts surface mining at Namarena, Mali, West Africa approximately 48 sq. kms. MANDINGOLD has been incorporated for the sole purpose of identifying and acquiring potential areas with known gold deposits in the country of Mali.

Brief about the country MALI

Mali is currently the third largest producer of gold in African continent. South Africa is no1 and Ghana is no 2. Eventually Mali should take over Ghana as the 2nd largest producer of gold as many deposits are yet to come into production.

Gold Deposits in Mali.

There are five principal types of gold deposits present in Mali:

  1. 1. Lode mineralization with native gold occurring in quartz veins and in disseminated sulphides within the host rocks.
  2. 2. Stratibound mineralization in tourmaline bearing quartzite where gold is mainly located within the sulphide minerals.
  3. 3. Alluvial placers found on the outcrop of ore bodies with gold locally and evenly concentrated in the lateritic duricrust.
  4. 4. Alluvial placers which is the main source of gold extracted by artianal miners.
  5. 5. Surface gold deposits of lower economic importance.


There are two kinds of licenses given according to Mali mineral law

  1. Large scale mining: in order to acquire a large scale mining license one must perform prospecting of the entire area for three years and submit the feasibility and environment study to dept of mines. Then after thorough of 40 years extendable for another period of 40 years. The investment required for this kind of mine will be around 100 million dollars.
  2. Small scale mining or petite mining: in order to acquire this first Govt. will give three months exploration license which can be renewed three times. Then the company needs to submit a feasibility report and then the Govt. has to reply within 60 days regarding the permission to be granted. A petite mine license will be granted for 4 years and renewable as many times as possible till the mineral is exhausted or totally recovered.

Present scenario of the company

Mandin Goldhas approached the Govt. for exploration license of an area covering 48 sq km in the region of Namarena village around 115 km from the capital city Bamako. After acquiring the exploration license MandinGold has done detailed study of the area by taking the help of the agencies listed below:

  1. 1. Tecdatum Info Services Pvt. Ltd s renowned technical service provider has submitted a report on identification of possible potential areas for exploration of gold through remote sensing and geospatial technologies.The collected samples have been sent to ALS LABORATORY Copies of results are enclosed herewith for your reference.The samples collected are between 0.1 m to 3 m.
  2. 2. Geoconsul: Geoconsul is run by Mr. Dembelle Dramme who has been the mining Director of Mali country for 6 years and presently is the Infrastructural Minister of the Country. This company has done the field survey by collecting samples from various pits at a grid pattern of 100 x 100 m and submitted the results.

Once the results were encouraging Mandingold has finished the feasibility and environmental studies and submitted the report to the Govt. for acquiring a petite mine license for a period of 4 years. The Govt. of Mali has granted Mandingold petite mine license for an area covering 6 sq km . For the balance area of 42 sq km Mandingold proposes to do complete exploration of the mine and submit the report to the Govt. within 3 years to request for large scale mining.

Highlights of the Project:

  1. The Project is well connected with the capital city Bamako and the distance from the city to mine is around 80 Kms. The mine is located at Narena Village abetting the National Highway of the country going towards Guinea
  2. There is no requirement to lay new roads to the mine as the infrastructure is already created unlike regular mines where in heavy expenditure is incurred to create infrastructure.
  3. The company has already taken Corporate Social Responsibility activities by constructing a school and laying bore wells and sheds for police outposts.
  4. The Govt. of Mali has given a appreciation letter in this regard to the company.
  5. The most important feature for any gold mine is the workings carried out by local villagers which is called artisanal mining. This mining is very active in this village. More than 5000 villagers are mining everyday in this method in Narena village. In the year of 2014 artisanal mining has given a yield of 40 tns of gold which is very high
  6. Mali as a country is wholly dependent on gold as a major source of income. The new Govt. has formed a joint venture with a Swiss company namely "SWISS BULLION COMPANY" to open the largest gold refinery in Mali named as "MOUSSA KANKOU REFINERY" at a cost of USD 71 Million. The capacity of the refinery is 20 tons per month
  7. The largest companies in the world namely, RAND GOLD, ANGLO ASHANTHI, IAM GOLD, NEW GOLD and many others have established their companies in Mali to explore and operate Gold Mines.
  8. Mali is aiming to become the second largest producer of gold in the African Continent after South Africa by the end of 2016.


  1. Driven, decisive and assertive management teams.
  2. Improvements in all safety indicators.
  3. Building world class mine.
  4. Low debt with available facilities.
  5. Generating robust margins and earnings.

Mining is planned here using conventional open pit techniques with a carbon-in-pulp processing plant. There will be four open pits. The pit slopes have been engineered to industry standards of stability for the range of lithologies present Namarana, following risk management principles. Grade control is affected by drilling 10 metre long vertical holes on a 10metre by 5 metre grid. Ore will be transported to the ore stockpile located one kilometre from the pit and waste is disposed of in dumps adjacent to the pit.

Approximately 70% of ore will be stockpiled before processing. The ore stockpiling facility going to be located between the pit and the process plant and its purpose is twofold. Primarily, the area allows stockpiles of ore with differing oxide and sulphide mineralogy, gold grades, hardness, viscosity levels to be laid down separately. Ore is reclaimed from the stockpiles and fed into the process plant on a blended basis contributing to the efficiency of the process plant and maximising gold recovery. The second function of the stockpile is to provide a reserve of ore to sustain feed when pit operations are affected by external factors such as heavy rains.


Location and Extent:

The Namarana Concession block is located about 30 km west of the Narena city and about 115km southwest of the capital city Bamako in koulikoro Region. It is bounded by the the following latitudes and longitudes and extends for about 50

A 12o 12' 22'' 8o 55' 10''
B 12o 12' 22'' 8o 50' 32''
C 12o 11' 58'' 8o 50' 32''
D 12o 11' 58'' 8o 49' 53''
E 12o 8' 56'' 8o 49' 53''
F 12o 8' 56'' 8o 52' 54''
G 12o 9' 26'' 8o 52' 54''
H 12o 9' 26'' 8o 53' 14''
I 12o 01' 27'' 8o 53' 14''
J 12o 01' 27'' 8o 53' 55''
K 12o 11' 16'' 8o 53' 55''
L 12o 11' 16'' 8o 54' 47''
M 12o 11' 56'' 8o 54' 47''
N 12o 11' 56'' 8o 55' 10''
Open Cast Mining Methodology

Open-pit or open-cast mining is a surface mining technique of extracting rock or minerals from the earth by their removal from an open pit or borrow. This form of mining differs from extractive methods that require tunneling into the earth, such as long wall mining. Open-pit mines are used when deposits of commercially useful minerals or rocks are found near the surface; that is, where the overburden (surface material covering the valuable deposit) is relatively thin or the material of interest is structurally unsuitable for tunneling (as would be the case for sand, cinder, and gravel). For minerals that occur deep below the surface-where the overburden is thick or the mineral occurs as veins in hard rock-underground mining methods extract the valued material.