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« 2013 Was A Phenomenally Successful Year for SKOPTIONSTRADING | Main | Popular Delusions And Madness Of The Crowd »
Tuesday
Jul152014

Congo Doing OK on Mining, 12 Years after Reform -- Imran Patel, Kilo Gold

Henry Bonner

In 2002, the Democratic Republic of Congo (DRC) instituted some major revisions to its mining code. Imran Patel has close ties to the mineral exploration sector in the DRC and currently serves as an Advisor to Kilo Goldmines Ltd., a well-followed Canadian based and listed exploration firm with operations in the Congo.

I asked: Should we consider investments in the DRC, a country that is considered high-risk for investors?

“Historically, since independence in 1960, mining in the Congo was controlled by state-owned enterprises. It’s not until 2002, when the new mining code was introduced, that private investors and private groups could acquire exploration and mining rights through the mining registry, called the Cadastre Minier, which is overseen by the Ministry of Mines.

To read this post in full please click here.

 

The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

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