Tag Archives: deposit
Living the FATCA life in Africa: New U.S. tax regulations add to burden of compliance on financial institutions across Africa
13 Million Cards to be issued first, in largest card rollout of its kind in Africa
It looks as if 2013 is set to provide opportunities for commercial investors, that is if experts are to be believed.
- PMI Gold’s Kubi tenements are located 15km south of and along strike from AngloGold Ashanti’s high grade Obuasi Mine (60Moz pre-mined), and 12km north-east of Perseus Mining’s 6.6Moz Edikan Gold Mine.
- Regional Air Core drilling, targeting favourable structures and gold anomalies identified in previous auger drilling, continues to identify zones of shallow gold mineralization along the highly prospective Ashanti and Kubi Shears which strike for the length of the Kubi Project.
- A total of 549 Air Core holes have been drilled for 24,818m. All assay results have been received.
- 24m @ 1.87g/t Au from 0m
- 10m @ 3.42g/t Au from 9m
- 11m @ 1.19g/t Au from 21m
- 2m @ 5.43g/t Au from 18m
PMI Gold Corporation (TSX: PMV) (ASX: PVM) is pleased to announce a regional Air Core drilling program at their 100% owned Kubi Gold Project has been completed and all assay results have been received.
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Vancouver, British Columbia, February 18, 2013 – PMI Gold Corporation (“PMI”) (TSX: PMV, ASX: PVM, Frankfurt: PN3N.F) and Keegan Resources Inc. (“Keegan”) (TSX, NYSE MKT: KGN) jointly announced today that they have terminated the arrangement agreement (the “Arrangement Agreement”) they entered into on December 5, 2012 in accordance with its terms. This decision comes as a result of the mutual determination of PMI and Keegan that it is unlikely that PMI’s shareholders will approve the transactions contemplated by the Arrangement Agreement. The termination of the Arrangement Agreement is not on account of any differences arising between the respective boards about valuation issues or on account of any new facts having come to their attention.
Following months of report that Prime Bank Gambia will be sold, the Central of The Gambia (CBG) has come up with reports that the bank has not met its minimum capital requirement for 2012; and therefore is required to go on “voluntary liquidation”.
“The Central Bank of the Gambia is pleased to inform the general public that 12 out of the 13 commercial banks operating in The Gambia met the minimum capital requirement of D200 Million,” a release from CBG reads.
Both Producers and Consumers to Benefit
TAMALE, Ghana, Jan. 9, 2013 /PRNewswire-USNewswire/ — Getting a loan, storing crops, earning more from sales—all are about to become a little easier for Ghanaian grain farmers and traders with the recent issuance of the first grain warehouse receipts. This auspicious event took place in December in Tamale, in northern Ghana, a relatively poor area that is the focus of development efforts. The receipts are a record of deposit that can be accepted as collateral by banks and nonbank financial institutions.
Patton Boggs Advises Government of the Republic of Cameroon on US$10 Billion Mbalam Infrastructure Project
Signing of Mbalam Convention paves way for one of largest, most complex infrastructure projects ever undertaken on African continent