Rich raw material deposits in Africa

Recently, a newly licensed commodities exchange began trading gold in Nigeria, West Africa. The Lagos Commodities and Futures Exchange was licensed by the Securities and Exchange Commission to trade gold to the specification of the London Bullion Market Association. Globally acceptable prices and quality are being sought. In the process, Nigeria is also promoting the development of other mineral resources.

About 40 percent of the world’s gold reserves are still contained in the Witwatersrand area. The Witwatersrand gold-uranium placer deposit contains the largest known gold enrichment on earth. Here, gold is mined to a depth of 4,000 meters. In this area (and also in the USA), Sibanye-Stillwater – https://www.youtube.com/watch?v=K_oWMsHZZ5g – is a major mining company. Gold and platinum group metals are the focus. In addition to the production of platinum, palladium and gold, the company also focuses on battery metals.

Zimbabwe is located in southern Africa and has almost 40 different minerals. The main minerals mined are platinum, gold, chrome, coal and diamonds. In Zimbabwe, Caledonia Mining – https://www.youtube.com/watch?v=CiPJndZP3q4 – is well established with its Blanket gold mine. Gold is successfully produced, and dividends are paid out. One of the main reasons for this success is the acceptance of local investors. All in all, Africa offers a wide range of opportunities for investors to bet on Africa’s wealth of raw materials.

Current corporate information and press releases from Caledonia Mining (- https://www.resource-capital.ch/en/companies/caledonia-mining-corp/ -) and Sibanye-Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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