Winton Carter Mining - the Risks of Engaging a Mining

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WINTON CARTER MINING THE RISKS OF ENGAGING A MINING IN AFRICA Business Report April 9, 2015 Chi Minh Bui Word count: 1,121 Table of contents Executive Summary 3 Introduction 3 Main findings 4 1. The exploitation risk is medium 4 2. The security risk is high 5 3. The health risk is low 5 4. The economic risk is low 5 5. The financial risk is medium 6 Conclusion 6 Recommendations 7 References 8 Executive Summary The purpose of this report is to explore and explain the opportunities and challenges Winton Carter Mining (WCM) may face when entering into a…show more content…
However, to operate successfully in an African countries organisations need to exercise care and caution because of a number of considerable risks. These are security risks, exploitation risks, health risks, economic risks and financial risks. KANGO WCM is considering a joint venture with ATZ in a site that is located in Kango, Gabon – a Central African country between Congo, Cameroon and Equatorial Guinea. By analysing recent events we can report on several potential threats to a mining operation and suggest possible solutions or methods to reduce the risk for WCM. Main findings The exploitation risk is medium [pic] Source: Burgert 2010, EU Foresees Shortages of 14 Critical Minerals The Kango site is surrounded by other sites that have high quantities of copper, basalt, coltan, and diamond. Copper reserves are estimated at one million tonnes. Therefore WCM is expected to generate $50 million annually over the next decade from copper alone. Coltan includes niobium and tantalite that are high value metals used in a number of industries such as mobile phones and medical implants production. The mine is expected to produce 10,000 tonnes of coltan per year that is estimated to be worth $10 million. Moreover, the site is also predicted to produce about $5 million of diamond annually. The potential benefit is

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