Banro Corp. fka BAA

[StockItOut]

Here's the translation. No mention of Namoya!
And the 6000 ounces per month is estimated for Banro as a whole, which is significantly low, of course. Come on now gsm1

No mention of Namoya! And total monthly Banro gold production already exceeds 6000 ounces per month!

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http://www.adiac-congo.com/content/conference-diagnostic-de-lindustrie-miniere-39725

Conference: Diagnostic mining
Thursday, October 8, 2015 - 8:51 p.m.


From October 15 to 16, Kinshasa will host a new edition Ipad DRC on mining and infrastructure at a time when the industry seems to go very badly. Indeed, the economic context is marked by the volatility of international commodity prices, the tight margins for mining, lack of financing or the electoral prospects troubled. This exposure to changes in the global economy due to the fact that 95% of export products are oil and minerals. However, the latest figures allow to be more optimistic.

For mining operators in 2015 remains a difficult year because of the slowdown of the Chinese economy, which absorbs 41% of exports of raw materials from the DRC. "A slowdown of three percentage points of China's GDP would cost one percentage point growth in the DRC and 320 million US dollars in foreign exchange reserves," according to the World Bank.

However, over a longer period, from 2010-2014, the statistics are rather encouraging. The growth was observed in 25% of extractive industries on average over the period, informs the World Bank. This dynamism of the mining sector is mainly based on the substantial increase in the production of several minerals whose coltant (+ 210% in 2014) and gold (+ 125% in 2014). Better, in the first half of 2015, MMG Kinsevere announced total sales of copper exceeding 7%. With Kibali gold mining, projections assume a production of 600,000 OZ for this year. The partnership is moving in the right direction Invanhoe between mines and the Chinese producer Zijin Mining who work together for the development of the mine Kamoa. Finally, Banro could reach its largest gold production in the DRC, an average of 6,000 ounces per month. No mention of Namoya! And total monthly Banro gold production already exceeds 6000 ounces per month!

For some analysts, there are interesting investment opportunities. Indeed, the DRC must happen to diversify the value chain in mining. "The development of links upstream and downstream in the mining sector could be an option to increase the value added in the national economy to export not raw materials but finished and semi-finished". This will require the consideration of other parameters including the technical skills needed at the domestic level as well as electrical and transportation infrastructure. Hence the importance of such a conference to take stock of the possibilities to invest in a demanding environment.