About Us - Company Profile
Marengo Mining Limited is committed to developing exciting new ventures combining high quality projects with an experienced team and a proven track record.
After reviewing a number of mineral opportunities globally, Marengo committed to the Yandera Copper Project, Papua New Guinea, in April 2005. At that stage the prospect comprised a granted exploration licence and two separate but non JORC compliant resource estimates.
Seven years later, Yandera is one of the largest undeveloped copper projects in the Asia-Pacific region with a JORC and NI43-101 compliant resource and the completion of feasibility for mine planning and project development due in 2013.
Marengo's development partners include Chinese State Owned Enterprise, China Nonferrous Metal Industry's Foreign Engineering and Construction Pty Ltd (NFC) as well as Kumul Mining Holding Ltd (KMHL) (fomerly Petromin PNG Holding Limited), an independent company created by the State of Papua New Guinea to hold the State's mining and mineral exploration assets and to maximise indigenous ownership and revenue gains in the minerals sector.
From the beginning Marengo committed to the health, safety and employment opportunities for the people of the Yandera region, Madang province and the country of Papua New Guinea.
We are proud to be the leading employer in our region, to have a majority PNG national workforce and to continue to have a positive impact on the lives of the people. The Company believes that the efforts put into community affairs has created a strong bond between Marengo and our communities.
Napoleon Crossing the Alps,
painted by Jacques-Louis David
between 1801 and 1805.
The original hangs in the Louvre, Paris.
Many investors are curious as to how a company acquires its name.
In the case of Marengo Mining Limited it carries the name of a famous horse, Marengo, a long serving, faithful steed of Napoleon Bonaparte.
Captured by Napoleon's troops during the Battle of Aboukir in 1799, this iron grey Arabian stallion, of only 14 hands in height was added to the Emperor's stable.
Following the defeat of the Austrians at Marengo in Italy on 14 June 1800, Napoleon named the horse Marengo and he continued to serve the Emperor throughout his march through Europe, culminating in the Battle of Waterloo on 18 June 1815.
Sustaining a hip wound during this battle, Marengo was captured by the British and was taken back to England, where he was displayed along with other "spoils of war". He lived a long life, eventually dying at the age of 38.
Marengo's skeleton remains on display at the National Army Museum in London's Chelsea district. His hooves were removed and turned into snuff boxes with one of these remaining in the Officer's Mess of the Queen's Guard at St James's Palace, London. Engraved on its silver lid are the words "Hoof of Marengo, Barb charger of Napoleon, ridden by him at Marengo, Austerlitz, Jena, Wagram, in the campaign of Russia and lastly Waterloo".