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BANRO CORP. T.BAA

"Banro Corp through its subsidiaries, is engaged in the exploration and development of its gold properties, including Twangiza, Namoya, Lugushwa and Kamituga."


TSX:BAA - Post by User

Bullboard Posts
Comment by imerc23on Apr 04, 2011 4:51pm
232 Views
Post# 18383654

RE: Interesting article

RE: Interesting articleInteresting article regarding the Congo. It may have western world institutional investorsspooked. I'm not ready yet, but I will add when/if serious blood isrunning in the street.

https://www.bloomberg.com/news/2011-04-01/apple-intel-backed-ban-on-conflict-minerals-may-help-spur-exports-to-asia.html


rollers,

Yes, there have been longstanding problems with the production of Conflict Minerals in the DRC, as alluded to in the article that you posted a link to. More extensive discussion about the Conflict Minerals abuses can be found on the site "Raise Hope For Congo" (www.raisehopeforcongo.org)

However my understanding is that Banro is firmly committed to being part of the solution, rather than part of the problem. Most of the human rights abuses have been occurring in "artisanal mines", basically, micro operations controlled by criminal gangs and paramilitary groups. Banro's aspiration is to build a professionally managed mine where real jobs are made available to local people. They have had particular concerns to address the problem of violence against women, and to provide work for former artisanal miners. Some info is available at their site:

https://www.banro.com/s/CorporateResponsibility.asp

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