Uncertainty in South Africa Makes Mining in Burkina Faso Look Golden
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A final Mining Charter will be published by the government of South Africa for implementation by November 2018 and this has led to a cloud of uncertainty over the future of Africa's most important mining country as various stakeholders give feedback on draft charters. After all and given how the government's plan for “land reform” (aka seize White owned farms without compensation) has already helped to plunge South Africa into recession, both local and foreign mining investors are leery about putting new money to work in the country's mining sector which is already grappling with high costs and a generally volatile labor, political and ownership (including racial ownership quotas) environment.
In contrast, the West African nation of Burkina Faso is quietly seeing a flurry of good news about new mining investments and/or production with one Canadian small cap in particular focused on the country poised to deliver more potentially good news or updates in the months ahead.