Banro Corp. fka BAA

[CrazyDonkey]

"Canadian mining companies turn bullish on Congo, despite its violence":

http://www.theglobeandmail.com/report-on-business/international-business/canadian-mining-companies-lured-by-congos-mineral-wealth/article34344168/

The company is undeterred by the attacks. It has long-term plans to double its gold production by developing two more mines nearby, and it is exploring for more deposits in the 210-kilometre-long region where it has licences.

Congo is “elephant country,” Banro’s chief executive officer John Clarke says, using the industry’s term for supersized deposits. “It’s a place of big beasts. The opportunities are immense, geologically.”

He acknowledges that Congo’s political conflicts, including a delayed election, have created uncertainty and a power vacuum. But this is outweighed by Congo’s advantages, including the trainability of its work force and the accessibility of government leaders, Mr. Clarke told The Globe and Mail in an interview.