RE: RE: senegal Here is the translation from google translate...
Within a few years, the gold zone Kédougou has become much more prominent. It is currently one of the main directions of mining groups in West Africa. Of course, with rising gold prices - 1664 dollars per ounce in early 2012 - it could that arriving. But it's not just that: the Senegalese authorities have played a leading role in the situation by adopting measures more qu'incitatives. A Kédougou, any permit may be accompanied by valid tax exemption up to 7 years. In addition, the Ministry of Mines granted a lien to holders of mining titles. In case of any impediment, they may have two years before starting the operation of a gold deposit. In such an environment, the investment can only succeed. Right now, only Sabodala Gold Operations (SGO), a subsidiary of Canadian Teranga Gold Corporation, and Oromin Joint Venture, a group of the same nationality, operating in Kédougou. Moreover, the second company recently discovered a deposit of 45 tons of gold exploitable, after investing $ 140 million in prospecting. Soon, the oligopoly will end. Reason, three other companies - the Australian Bassari Resources, the Canadian Axmin and the South African Randgold Resources could get research permits. And behind other mining companies are on the lookout. Recognizing this interest, the Senegalese government wants to take advantage: besides the sale of exploration permits and exploitation respectively 1500 and 15,000 dollars, the Senegalese government, which already has a free participation of 10% in each mining company, also wants a percentage of production greater than 10%. Moreover, the exemptions will be reduced in the very near future. Hopefully this will not deter investment.