Gold is the Standard.
Of all the precious metals, gold is the most popular as an investment.
Investors generally buy gold as a way of diversifying risk. The gold market is subject to speculation as are other markets, especially through the use of futures contracts and derivatives.
However, during the recent period of recovery following the worldwide economic recession of 2008, Gold has also been used as an instrument to prevent losses or incur profits.
Since 1919 the most common benchmark for the price of gold has been the London gold fixing, a twice-daily telephone meeting of representatives from five bullion-trading firms of the London bullion market.
Furthermore, gold is traded continuously throughout the world based on the intra-day spot price, derived from over-the-counter gold-trading markets around the world (code “XAU”).
Today, like most commodities, the price of gold is driven by supply and demand including demand for speculation. However, unlike most other commodities, saving and disposal plays a larger role in affecting its price than its consumption. Most of the gold ever mined still exists in accessible form, such as bullion and mass-produced jewellery.
Camco Mining Pty Ltd along with it’s Joint Venture Partner will focus solely on gold mining specifically alluvial to extract primarily gold nuggets and gold dust. The separated gold will then be transported, adhering to all the proper legal and governmental regulations, to be refined.
Camco Mining Limited mining activities will take place in Sierra Leone, a country in West Africa that is bordered by Guinea to the northeast, Liberia to the southeast, and the Atlantic Ocean to the southwest. Sierra Leone is a constitutional republic with a directly elected president and a single parliamentary chamber. The country has a tropical climate, with a diverse environment ranging from savannah to rainforests. The country covers a total area of 71,740 km2 (27,699 sqm) and with an estimated population of 6 million (2011 UN).
Camco Mining Limited has secured a mining concession license with an option of renewal located within (Zone29, WGS 84), lying in the Sambasis, Kunike, Kafe & Kalian chiefdoms in the Koinadugu and Tonkolili Districts of the Northern Province of the Republic of Sierra Leone. This is approximately 235 kilometres from Freetown: a four-hour drive.
Camco Mining Sierra Leone Limited has a very simple structure. The company was incorporated in Sierra Leone on June 9, 2014 and is registered with a Taxpayer Identification Number. The company is also incorporated in Australia under the same name.
The Australian entity will be the main trading company with all funds from gold sales account and with funds being to ensure continuation of mining operations and for shareholder dividends.
According to Sierra Leone law an international company like Camco Mining SL Limited, to operate as an enterprise in Sierra Leone, is required to have a citizen and resident of country as a shareholder. This has been taken up by Annie R Kamara (Rugie) who will hold 10% of the shares and is a director of that company.
Camco Mining initially will be a small mining operation with a focus on optimising returns on invested funds. Accordingly, start-up management personnel will be kept to those that are essential and perform to the highest standards. Beyond these key people there will be many experienced mining workers drawn from the local villages.
Neil Campbell Director
Annie R Kamara Sierra Leone Manager
Annie R Kamara ( Rugie ) is second generation from a Sierra Leone Gold mining family. Her father (Deceased) pioneered gold mining with international partners in the early 1980’s. He was a very successful miner and was held in the highest regard in SL.
Rugie has followed on with that family tradition . Rugie is very well known in government circles. Rugie has relatives that hold ministerial positions in the SL government. Through Rugies connections and her knowledge in mining and the way business works in SL has allowed Camco to achieve the what is has with the size of the concession it has in the area it has.
Rugie is an extremely hard working, honest lady and is commented to the success of Camco Mining.
All record keeping, reporting, and accounting is done in accordance with the SL law and submitted on time both in Sierra Leone and Australia. Given the way things are done in Sierra Leone Camco will ensure limited exposure to any litigation or other legal disputes by engaging legal services of very good standing.
For further information on this exciting investment opportunity please Contact the principals of CAMCO MINING for detailed information.