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Let's not forget that Montepuez Ruby Mine is situated just not in Africa, but in a region with an Islamic state insurgency that took over whole cities a few years back in Cabo delgado. It's a bit more than "Political unrest" in the country. It's war in the mine's area. Seems that now the African coalition helped by Rwanda and South Africa is controlling the area a bit. Faberge is very interesting.
I apologize if I didn’t emphasize the seriousness of the political unrest enough. Insurgency is a real and serious concern with MRM. That said, both Gemfields and the local governments are aware of this issue and are taking serious measures to prevent any bad situations.
Great idea.
Let's not forget that Montepuez Ruby Mine is situated just not in Africa, but in a region with an Islamic state insurgency that took over whole cities a few years back in Cabo delgado. It's a bit more than "Political unrest" in the country. It's war in the mine's area. Seems that now the African coalition helped by Rwanda and South Africa is controlling the area a bit. Faberge is very interesting.
I apologize if I didn’t emphasize the seriousness of the political unrest enough. Insurgency is a real and serious concern with MRM. That said, both Gemfields and the local governments are aware of this issue and are taking serious measures to prevent any bad situations.
Interesting stock and way to invest in Africa... I will include a link to your post in my Monday emerging market link collection post...
Thank you! I just subscribed. Looking forward to it!
Great write up.