Tenure History
The Seekoto Benkanto GIE, (Group Interest Economic) applied for and was granted GIE status on October 10, 2008 under registration number SNBTC 2008 C 594.
The GIE is similar to a LLC in the United States but with less protections.
The Seekot Benkanto applied for and was granted the Gold Mining Concession from the Director of Mines and Geology on January 22, 2010. The Seekoto Benkanto GIE and MASI signed a Joint Venture Agreement on March 26, 2013 giving MASI the exclusive rights to the Mining Concessions under the Senegalese Mining Code.
The Sining Kang GIE (Group Interest Economic) applied for and was granted GIE Status on November 24th, 2008 under registration number SNTBC 2008 C 668. The Sining Kang GIE (Group Interest Economic) applied for and was granted the Gold Mining Concession from the Director of Mines and Geology on January 25th, 2010. The Sining Kang and MASI signed a Joint Venture Agreement on April 30th, 2013, giving MASI the exclusive rights to the Mining Concessions under the Senegalese Mining Code.
The Bencoutou GIE, (Group Interest Economic) applied for and was granted GIE status on October 10, 2008 under registration number SNTBC 2008. The GIE is similar to a LLC in the US but with less protection. The Bencoutou applied for and was granted the Gold Mining Concession from the Director of Mines and Geology on January 22, 2010. The Bencoutou GIE and MASI signed a Joint Venture Agreement on March 21, 2014 giving MASI the exclusive rights to the Mining Concessions under the Senegalese Mining Code.
The Diakha Gold and Diamond Mine applied for and was granted was granted a concession license on July 29th 2010, registration number 06899/MMIAPME/DMG. MASI and Diakha signed a Joint Venture agreement giving MASI the exclusive rights to the Mining Concession under the Senegalese Mining Code on March 9th, 2015.