Gold mining in Africa, not always easy, but rich in opportunities
In Ghana, formerly known as the "Gold Coast", mining has played an important role in the economy for hundreds of years. Gold was also the reason why the first Europeans settled here. Often, mining is cheaper in African countries. West African countries like Mali, Burkina Faso or the Ivory Coast and especially Ghana are becoming more and more dynamic when it comes to gold mining. In Ghana the infrastructure is good and a qualified workforce is available.
And Ghana is one of the few functioning democracies in Africa and thus has an exemplary function. Political stability, as it exists here, is a plus for gold companies. These include Cardinal Resources - http://www.commodity-tv.net/c/search_adv/?v=299119. The Company is focused on the development of its Namdini gold property which is part of the Bolgatanga Project and is working on the feasibility study. Exploration programs are ongoing on the Subranum Gold Project.
Zimbabwe also has an excellent infrastructure system and has been a gold producer for over 100 years. The Zimbabwean government also recognises that mining, and gold mining in particular, is important for growth. Although Zimbabwe is one of the authoritarian states - in the 2018 Democracy Index Zimbabwe ranks 134th out of 167 countries - there are successful gold companies such as Caledonia Mining.
The Caledonia Mining - http://www.commodity-tv.net/c/search_adv/?v=298787 - Blanket Gold Mine involves local investors, which contributes to its acceptance. Nearly 12,000 ounces of gold were mined in the first quarter of 2019. Consolidated operating profit before taxes was $12.3 million, 105 percent higher than in the first quarter of 2018, partly due to foreign exchange gains. Caledonia Mining regularly pays quarterly dividends to its shareholders.
Current company information and press releases from Caledonia Mining (https://www.resource-capital.ch/en/companies/caledonia-mining-corp/).
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