May 19, 2020

True Gold adds $14 million to its West African gold project

Leadership
mining
Gold
True Gold Mining
Rachel Smith
2 min
True Gold adds $14 million to its West African gold project

True Gold Mining Inc has announced it will draw down an additional $14 million of the $100 million from its financing partnership to continue building the $131.5 million Karma gold project in Burkina Faso, West Africa.

• Related Content: Newmont Mining partners with Project C.U.R.E to continue medical support in Ghana

This is the third draw down that True Gold has made under the facility, bringing the total amount drawn to $71.6 million. In financing partnership with Franco-Nevada (Barbados) Corporation and Sandstorm Gold Bank Ltd, the Vancouver-based company currently has approximately $37.5 million in cash.

Construction remains on schedule with the planned placing of ore on the heap leach pads in early 2016 and first gold pour anticipated for the end of Q1-2016.

“There is an atmosphere of excitement on site with a workforce of over 500 focusing on earthworks and the processing plant final assembly. We have progressed rapidly with site development and construction, highlighted by commissioning of the mine fleet, completion of the raw water pond excavation and initial construction of the raw water pipeline, said Christian Milau, president and CEO of True Gold.

According to Milau, the Karma mine is in full construction with all required personnel on site. Highlights since the last project update include:

• Excavation of raw water pond completed

• Burying of the barrage raw water pipeline commenced

• Water pipeline from barrage to site 20% complete

• Excavation of storm water pond commenced

• Excavation of Pregnant Leach Solution (PLS) pond commenced

• Stripping of Cell 1 of heap leach pad completed

• Mine fleet commissioned (six Komatsu 785 trucks, PC 3000 excavator, WA800 loader)

• Assembly of hard rock crusher has commenced

• Assembly of Absorption, Desorption and Refining (ADR) plant structural steel has commenced

Planned infrastructure activities upon delivery at site:

• Assembly of assay lab

• Assembly of gold room structural steel

• Assembly of the cement silos

• Commissioning of the remaining three generators and full completion of the power plant

Read the July Issue of African Business Review. 

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Jun 14, 2021

5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly

Tapoly
Insurance
Leadership
Digital
Kate Birch
3 min
Heading up Europe’s first on-demand insurance platform for the gig economy, Janthana Kaenprakhamroy is winning awards and leading with diversity

Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.

Here, Business Chief talks to Janthana about her leadership style and skills. 

What do you do, in a nutshell?

I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.

How would you describe your leadership style?

I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.

What’s the best leadership advice you’ve received?

Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.

How do you see leadership changing in a COVID world?

I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.

They say ‘from every crisis comes opportunity’, what opportunities do you see?

The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless. 

What advice would you give to your younger self just starting out in the industry?

Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.

 

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