Tiger Resources

Tiger Resources

Type	Gold mining
Traded as	ASX: TGS TSX: TGS
Industry	Mining
Headquarters	Balcatta, Australia
Products	Copper
Website	tigerez.com

Tiger Resources Limited is an Australian-based mining company with two active copper extraction projects in the Democratic Republic of the Congo (DRC). The company was listed on the Australian Stock Exchange in May 1997.^[1] As of 2011 the company's market capitalization was about A$350 million.^[2]

The Kipoi Mine has an inferred 306,000 tonnes of copper in high-grade ore. It is a joint venture between Tiger Resources (60%) and the state-owned Gecamines (40%). It was planned to start generating revenue in 2011.^[2] Tiger invested more than $60 million to start the mine. By June 2011 Tiger was producing 25% copper concentrate at a rate of 130,000 metric tons a year. The company was considering using $250 million from cash flow to build a Solvent Extraction Electrowinning copper cathode plant, with capacity of 50,000 tons per year. Tiger Resources was negotiating to acquire a higher share of the operation from Gecamines.^[3]

The Lupoto Mine is 100% owned by Tiger Resources. Maiden resource was planned for release in 2011.^[2]

The European trading house Trafigura was the largest shareholder of Tiger Resources as of September 2011, owning 28% of the company. Trafigura also owned 35% of Anvil Mining, another DRC copper miner, whose sale to China's Minmetals Resources was announced in September 2011.^[4]

References

1. ^ "TIGER RESOURCES LIMITED (TGS)". Australian Stock Exchange. http://203.15.147.66/asx/research/companyInfo.do?by=asxCode&asxCode=TGS. Retrieved 2011-11-06. 
2. ^ ^{a b c} "Fact Sheet". Tiger Resources. http://www.tigerresources.com.au/aurora/assets/user_content/File/Tiger%20Fact%20sheet%20Mar2011(1).pdf. Retrieved 2011-11-06. 
3. ^ Franz Wild (Jun 24, 2011). "Trafigura’s Tiger Seeks to Raise Stake in Congo Copper Mine". Bloomberg. http://www.bloomberg.com/news/2011-06-24/trafigura-s-tiger-resources-in-talks-to-raise-stake-in-congo-copper-mine.html. Retrieved 2011-11-06. 
4. ^ ROBIN BROMBY (September 30, 2011). "Bid for Anvil Mining puts Tiger Resources on M&A radar". The Australian. http://www.theaustralian.com.au/business/bid-for-anvil-mining-puts-tiger-resources-on-ma-radar/story-fn8u2ibe-1226154022215. Retrieved 2011-11-06.