OTCPK:KATFF - Post by User
Post by
Bullish19on May 10, 2018 8:55am
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Post# 28010170
K is a foreshadowing..
K is a foreshadowing..Watch what is happening with K. Part of a general move to take ownership of their own resources in Africa.. Can't say this is a positive for Katanga..
BNN:
Kinross Gold Corp. (K.TO) is the latest miner to be hit by changing policies in Africa as governments seem increasingly willing to upend historic deals with foreign companies in their quest for more mining revenue.
Mauritania’s rejection of a key permit to expand a Kinross project, and a proposed mining code review in Ghana, dealt a double blow to the Toronto-based miner, sending its shares down the most intraday since 2014.
Ghana and Mauritania join a string of African countries -- from Tanzania to Zambia to the Democratic Republic of Congo-- that are trying to reap greater economic benefits from their natural resources.