AVENTURA, Fla., June 3, 2016 /PRNewswire/ -- MINGO AFFILIATES SERVICES INC./ MINGO GOLD, a leading provider of RAW & refined gold, precious metals, stones and other minerals, today announced that they are opening a new Gold Mine in Kedougou, Senegal, in order to expand the company's gold production and increase its gold reserves which will better meet the supply for increase gold demands.
Plans to expand operations in Kedougou, Senegal were initiated by market demands and the company's strategic plan designed to increase and expand the company's gold production and reserves over the next five years. The new Gold Mine (Bencoutou Gold Mine) which also includes the Benkanto Seekoto Mine and the Sining Kang Mine will be the company's third of seven Gold Mining operations in the region.
"The opening of Mingo Affiliates Services Inc. / Mingo Gold's Bencoutou Gold Mine is an important step towards realizing the company's expansion goals, the new Gold Mine will be the third of seven important acquisitions for the company in relating to market conditions and how company is responding to them."
The price of gold has risen more than 18% since the turn of the year. Gold produces have a new spring in their step. Gold has been one of the best preforming commodities this year as investors have sought a safe haven amid equity market volatility," states Aaron Jenkins, Business Development Administrator- Mingo Gold.
Anthem Blanchard founder & CEO of Anthem Vaults states,"$1500 an oz. is not out of the rim of possibility. According to World Gold Council the demand for gold has shot up 21% in the first quarter." The new Bencoutou Gold Mine is expected to generate sales of approximately 10 Billion dollars over the next 35 years. This figure is in addition to the 21 Billion dollars in reserves from its Benkanto Seekoto and Sining Kang Mining operation.
The Company intends to hire additional mining professionals, technicians, laborers and other human resource personnel to facilitate the company's continued growth. They intend to form partnerships and joint venture relationships to effectively capitalize on expansion, growth and productivity. Interested parties may visit their website to learn about the opportunities available to join their team and participate in the company's expansion efforts. Once on the site, the first step would be to take the Investor Credit Survey. The survey information gathered will be used to contact interested parties via a follow-up meeting to discuss specific opportunities with company.
About MINGO AFFILIATES SERVICES INC./ MINGO GOLD
The company was founded in 2003 and was incorporated in the state of Florida, USA. The company has a subsidiary company (Mingo Gold) formed under Senegalese Law and located in Dakar, Senegal with offices in Kedougou, Senegal. Mingo Gold's strategic vision with respect to doing business in Senegal, consists of developing a partnership with local chartered community organizations and the government, incorporating their staff of experts, managers, technicians and financial professionals into the business relationship and in essence become one unified entity operating under legal governance of the two countries.
The social and humanitarian impact of this project will have a significant positive economic effect upon the company's joint venture partners and the surrounding community. The Company will initially create 50 permanent jobs and 20 temporary jobs in the first months of operation. The company intends to add an additional 30 permanent jobs per year as its operation expands and the business grows. The company will purchase materials, supplies, lubricants, gas and food locally, financially stimulating the local community.
The Democratic Republic of Senegal is a close ally of America, and has been politically stable since the country gained its independence from the French. America has a large Embassy in Senegal and assists in the promotion of trade and commerce between the two countries. From a geopolitical perspective this model works very well. This module significantly lowers the risk associated with investing in foreign markets, since the locals have a vested interest in the success of the company.
Visit MINGO AFFILIATES SERVICES INC./ MINGO GOLD, visit website at www.mingogold.com
For more additional information, please contact:
Aaron Jenkins / Director of Business Development
USA Headquarters 2090 N.E. 30th Ave 8TH Floor Aventura, Florida 33180 Phone: 800-234-8098 Ext: 102. Fax: 888-788-2643. Email: email@example.com
This content was issued through the press release distribution service at Newswire.com. For more info visit: http://www.newswire.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/senegal-paves-the-way-by-means-of-west-african-birimain-geological-gold-belt-300279588.html
SOURCE Mingo Affiliates Services, Inc./ Mingo Gold