Global investment in gold a boost for African mining
March 28, 2012 – 2:06 amThe growing number of investors looking to gold as a means to preserve their capital during the current global economic crisis has contributed to the development of large-scale mining operations in Africa.
As one of the leading continents in gold mining, and with the high demand for and trade in the precious metal, many gold- mining projects are surfacing across Africa, says Investec asset manager precious metals analyst Daniel Sacks.
“Investment in African gold mining is currently high, which can only benefit the continent,” he notes.
One such project is the Kibali gold project, in the Democratic Republic of Congo (DRC). Gold miners Randgold Resources and Anglogold Ashanti are reported to be set to make an impressive profit from Kibali, which is claimed to be one of the biggest gold mines in Africa. DRC
Tags: Mining