INSUBCONTINENT EXCLUSIVE:
driven by global economic uncertainties
China-African Precious Metals Company (CAPM) has breathed new life into a gold processing plant in Orkney, South Africa.The company poured
200 million rand into the project, creating jobs for nearly 4,000 people
Meanwhile, in Ghana, Shandong Gold is set to open a new mega gold mine
These investments offer more than just gold
They bring jobs, infrastructure, and economic growth to African nations.However, they also raise questions about labor practices and
reflect a larger geopolitical strategy
By securing gold supplies, China may be preparing for potential economic sanctions or global instability.Gold serves as a hedge against
uncertainty in the financial markets
electric vehicle batteries
African mines may pay off handsomely
Yet, the long-term impacts of these investments remain to be seen
Both China and African nations stand to gain, but challenges lie ahead.The gold rush of the 21st century is well underway
As it unfolds, it will shape not only economies but also geopolitical relationships
