From Sunridge Gold Corp in Canada, with the big boys also involved its clear Cluff is on the right track. Gold might not be the only thing that in mined. Go Cluff!!!
This island nation is a new up and coming mining jurisdiction in Africa. It has a great deal of geological diversity and is mostly under-explored. The democratic government has recently been re-elected and is strongly supportive of business and foreign investment. The mining laws are stable and comprehensible. There are at least two very large new mining projects underway in the country; Sherritt is building a US$3 billion+ nickel-cobalt laterite mine on the west coast of Madagascar and Rio Tinto is reported to be planning to spend over US$1 billion to develop a titanium sands project on the east coast. Alcan is also apparently looking to develop a large bauxite deposit on the island.
CFR Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
