MANINGI mines aim to be the leading mining operation in Africa and abroad. The startup has
already 6 mining opportunities located in Africa and abroad. The mining will entail the following: Gold, copper, diamond, manganese, coal, and anthracite. MANINGI means plenty in Shona language, South Africa. The name is meant to elicit the feeling of plentiful in our mines that are able to sustain investors’ interest as well as help the community.
Our company is rooted in the strong belief of uplifting the livelihoods of people.
The slogan for MANINGI mines is ‘Creating jobs one coin at a time’.
The locations will be prime locations that have high deposits potential.
Some of the leading producers of precious in the world are Russia, South Africa, China, countries in South America and parts of Europe.
In Africa, South Africa is one of the world’s leading locations for precious metals. Some of MANINGI mines will be located in South Africa. Since the discovery of minerals and precious metals in the 1800s, the country has continued to benefit and grow economically contributing about 20% of the country’s GDP. The country’s reserves are estimated to be worth $2.5 trillion.
Research reports indicate that the country has 2.2 billion ounces of platinum and the world’s second-largest gold reserves at 6,000t which is about 11.1% of the global total. In 2018 alone, South Africa produced 4.3 million ounces of gold. The forecast shows that mine production is expected to grow at a compound annual growth rate (CAGR) of 3.1% between 2019 and 2023.
Gold is expected to grow by 6% and platinum at 7.2%.