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Old 01-15-2013, 01:23 PM
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aramchek aramchek is offline
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Default France, Mali & Gold



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Anyone else been tracking the events in Mali and wondering why France is so interested in a poor African country? I went here:
http://en.wikipedia.org/wiki/Norther...0%93present%29

And there's no mention of the fact that Mali was a French colony, and no mention of the word "gold".

It turns out that Mali is quite rich in gold (http://www.mbendi.com/indy/ming/gold/af/ml/p0005.htm) and some of the "western" companies operating there have some poor human rights reputations (for example, http://en.wikipedia.org/wiki/AngloGold_Ashanti). Human trafficking, kids working the mines, etc.

Anyway, I wasn't sure whether this belonged in the political forum or here, but is there a financial angle to how this will effect gold prices? Evidently they're the third largest producer in Africa. Overall speaking:

"In 2008, AngloGold produced 4.98 million ounces of gold from its [overall] operations"
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