RE: RE: MINING IN AFRICA - IBI ABSENT!Thanks for the post.
Hard to believe Gary would turn anyone down when it comes to talking about IBI or Greycrown? Can't argue with what you have presented though.
Few plays I noticed missing from the article:
He mentions an oil and gas pipe line, but doesn't mention Heritage oil's find in Uganda - huge.
No mention of the Congo? or Freeport/ Lundin? - in the news recently.
In 2007, Lundin Mining acquired the Canadian based company Tenke Mining Corp. Through the acquisition of Tenke, Lundin Mining obtained a 24.75% holding in the Tenke Fungurume project in the Democratic Republic of Congo ("DRC"), which is one of the largest and highest grade, undeveloped copper-cobalt mineral concessions in the world. Its partners are Freeport McMoRan Gold and Copper Company ("Freeport"), holding 57.75%, who is also the operator of the project and the Congolese state mining company, Gécamines, holding the balance of 17.5% as a free carried interest.