The Canadian mining executive talks to The Africa Report about the region’s potential and the synergies underpinning Teranga’s long-term bets on rising demand for gold
Teranga is part of a growing number of mining companies, many of them from Canada, exploring for gold in West Africa. “West Africa has more potential than probably any other region in the world today. The geology is similar to the geology in northern Ontario and Quebec, as well as Western Australia. Both belts have been so prolific for a century and continue to be,” says Teranga Gold Corporation chief executive, Richard Young. “It’s early days in West Africa – exploration just got started.”
Capital Drilling (LON:CAPD) provides specialised drilling services to mineral exploration and mining companies in emerging and developing markets, for exploration, development and production stage projects. The Company currently owns and operates a fleet of 91 drilling rigs with established operations in Botswana, Côte d’Ivoire, Egypt, Ghana, Kenya, Mali, Mauritania and Tanzania. The Group’s corporate headquarters are in Mauritius.