Transeco Juni 2020

Dear Clients

In these extraordinary times, Transeco Minerals and Mining is committed to the health and well-being of our families, employees, clients, and partners who make up Transeco‚Äôs global community. It is our top priority to maintain the business continuity needed to provide regular updates and strive towards our targets. 

As the world navigates towards the uncertainty of COVID-19 we at Transeco Minerals and Mining continue to operate the mine whilst adhering to stringent government guidelines. Already, staffing levels have reduced significantly running with only 30% of our workforce on site along with reductions in Ghana and UK offices but we continue to persevere. 

Despite facing these unprecedented challenges, we have managed to continue the 90-day trial production period which is required to optimise the processing plant. From this trial we are currently yielding approximately 10% of eventual projected income.

We are incredibly pleased to say we endeavour to start fulfilling forward gold sales at the end of June. Although we have not commenced a full-scale production Transeco are optimistic about beginning the process of fulfilling contracts. 

A chronological system to fulfil gold sales has been amalgamated. Clients have been put into groups of approx. 30-40 clients, each client will receive a letter or email in the coming weeks with details of their group. We will inform clients each time a whole group of contracts have been fulfilled. We appreciate this does not give complete clarity on when clients will receive their gold however it will provide a clearer view on the situation. Letters to individuals will provide further information about how this will work.

Transeco have faced many difficult years and overcome momentous challenges and setbacks, because of this we have no doubt we will be able to bounce back and be successful in our mining mission. We could not have done this without our clients, we are eternally grateful for your patience and understanding in this turbulent journey. 

Due to the length of time that has passed we would like to ensure we have the most current contact information for our clients. We would be grateful if details of the below can be sent

  • Name
  • Client Reference
  • Email
  • Phone Number
  • Address  

Once again, we sincerely thank you for your time and patience. 

Yours Sincerely 

Mr A Niazi  Mr G Amarh Director 

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