Nice photograph of black workers.
Creating a Leading African Copper & Cobalt Company
Sure, guess how many blacks are in the board of directors:
http://www.katangamining.com/kat/about_us/bod/
Katanga Mining is listed in the Toronto Stock Exchange (KAT), and on 01/03/2011 is trading at $1.76; a sharp increase from $0,60 in July 2010; not that bad.
Its main asset is a large scale copper-cobalt project in the Democratic Republic of Congo, in the region of Katanga.
As stated in their web:
DRC challenges
We believe the DRC’s vast mineral resources represent a tremendous opportunity to improve the lives of Congolese citizens while creating value for our stakeholders.
That's exactly what happened in Katanga. The increasingly demand for this type of minerals lead to many citizens, including children, to work in the mining activity, which is a clear factor for improving its lives.
And once we develop the industry, people of the DRC will also acquire our culture and customs
What it's not so aparent from Katanga Mining website is that the main stockholder is the Swiss group Glencore, one of the most powerful companies of the world:
http://www.glencore.com/index.html
and as African as Katanga:
Just as an anecdote, Glencore was founded by trader Marc Rich, who was charged with tax evasion and illegal business dealings with Iran in the U.S., but pardoned by President Bill Clinton in 2001, as it could not be otherwise.
Be alert; a Glencore IPO could come soon...
Remember, buying shares you will contribute to improving the lives of Congolese citizens
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