Gold mining even in difficult countries
Mining is important for Zimbabwe, as gold is the country's second largest export after tobacco. Production of around 30 tonnes is forecast for 2018. In 2017, 24.8 tonnes of gold were mined. Thus mining is the largest source of foreign exchange for the African country. By the way, Africa's largest platinum reserves also lie here.
Now some gold producers in Zimbabwe are having problems because of money shortages. For some, the shortage of foreign currency jeopardizes the coverage of production costs. Because Zimbabwe is in an economic crisis.
But there are also gold companies such as Caledonia Mining - https://www.commodity-tv.net/c/search_adv/?v=298604, which have been producing gold without any problems for years and are making excellent progress. At Caledonia, local investors are involved in the Blanket mine. According to Steve Curtis, Chief Executive Officer of Caledonia, the mine is operating normally. The monetary and government authorities are also keeping a close eye on the situation; after all, locals have also invested. Caledonia's interest will soon increase to 64 percent and the target of producing approximately 80,000 ounces of gold per year by 2021 will continue to be pursued.
In another African country, Ghana, political stability and democracy prevail. Even if Ghana has a rather modest share in global gold production, gold is still an important raw material and an important export commodity. Here Cardinal Resources - https://www.commodity-tv.net/c/search_adv/?v=298669 - is the beneficial owner of two gold projects, the Bolgatanga Project and the Subranum Project, both located in a granite-greenstone belt. In both projects a number of gold mines are adjacent.
Current company information and press releases from Caledonia Mining (https://www.resource-capital.ch/en/companies/caledonia-mining-corp.html).
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