TERANGA GOLD
Gabriel Resources , Mr . Young and Chairman Alan R . Hill wanted to pursue their shared vision of developing a gold company that could bring significant value to shareholders .
Both Mr . Young and Hill have seen incredible successes with Teranga Gold and Sabodala . Mr . Young admits that , as with many business ventures , it is a process made possible through the power of partnerships . “ There is no question that we have a number of partners who have contributed to our success ,” said Mr . Young . “ It is not something we can do on our own . Without the help of federal , local and regional partners , the Company simply wouldn ’ t be as successful as it has been .”
In fact , 80 percent of goods and services purchased by Teranga are done so through local channels . This includes fuel supplies and a number of consumables and stretches as far as technical issues such as maintenance and repair . Most recently , the Company has completed a mill optimisation project at Sabodala using all Senegalese suppliers . The project was commissioned a quarter ahead of schedule and well under budget .
In everything Teranga does , promoting and growing the Senegalese economy and being a responsible miner sits right at the heart of it all .
Mr . Young concluded , “ Enriching lives and growing communities and economies will continue to be a driving force for Teranga . As a large and crucial contributor to local , regional and national economies , the mining industry is doing incredible CSR work .” 52 January 2017