African Barrick Gold
Interim Individual Share Portfolio Review REPORT
STUDENT : ILINCA CRISTIAN DANIEL 1317370
AFRICAN BARRICK GOLD Shares Report
Motivation of investment The reason of investing 10,000 pounds in a company of exploiting natural resources, gold, it is a decision for the future . This can be argued by the fact that gold is one of the most expensive resources required in the current market. Having an analysis of the past few years the price of gold in the market, it can be seen an increase of over 100% of the noble metal. Demand is continuous, and in the coming years, experts predict an even greater increase. The reason of chosen the firm ABG was the simple fact that it is a very modern company led by a British management. ABG use the most modern and environmentally friendly and fast technology for exploitation
About ABG
African Barrick gold it is a gold mining business operating in Tanzania and one of the five largest gold producer in Africa . It is listed on the London Stock Exchange . The company has three producing mines , all located in Tanzania , and several exploration project various stage on development in Tanzania and Kenya . Having a high-quality asset base , solid grow opportunities and clear strategy to optomise , they expand and grow the business ( AfricanBarrickGold ,2014) The business was established as a unit of Barrick Gold when that company started mining in Tanzania in 2000. Barrick's involvement in Tanzania had begun the previous year, when the company purchased the Bulyanhulu property as part of its acquisition of Sutton Resources Ltd. Barrick then acquired Buzwagi and Tulawaka as part of its acquisition of Pangea
STUDENT : ILINCA CRISTIAN DANIEL 1317370
AFRICAN BARRICK GOLD Shares Report
Motivation of investment The reason of investing 10,000 pounds in a company of exploiting natural resources, gold, it is a decision for the future . This can be argued by the fact that gold is one of the most expensive resources required in the current market. Having an analysis of the past few years the price of gold in the market, it can be seen an increase of over 100% of the noble metal. Demand is continuous, and in the coming years, experts predict an even greater increase. The reason of chosen the firm ABG was the simple fact that it is a very modern company led by a British management. ABG use the most modern and environmentally friendly and fast technology for exploitation
About ABG
African Barrick gold it is a gold mining business operating in Tanzania and one of the five largest gold producer in Africa . It is listed on the London Stock Exchange . The company has three producing mines , all located in Tanzania , and several exploration project various stage on development in Tanzania and Kenya . Having a high-quality asset base , solid grow opportunities and clear strategy to optomise , they expand and grow the business ( AfricanBarrickGold ,2014) The business was established as a unit of Barrick Gold when that company started mining in Tanzania in 2000. Barrick's involvement in Tanzania had begun the previous year, when the company purchased the Bulyanhulu property as part of its acquisition of Sutton Resources Ltd. Barrick then acquired Buzwagi and Tulawaka as part of its acquisition of Pangea