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Africa’s Biggest Fund Manager Sees Gold Boom in West Africa

Africa’s largest money manager sees “significant investment opportunities” in West African gold mining as the industry at the southern end of the continent declines.

Investor-friendly policies can help Ghana and other countries in the region drive the next “gold-mining boom,” said Lebohang Sekhokoane, a mining research analyst at South Africa’s Public Investment Corp. Low-cost deposits in Mali, Burkina Faso, Guinea and Ivory Coast offer the long-term investment potential the PIC prefers, rather than the five to 10-year lifespan of projects in South Africa, she said.

Capital Drilling Ltd (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets and gold mining.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.