Tuesday, October 28, 2014

Samsung, main investor in Sierra Leone's Baomahun gold mine, holds $60 billion in cash



Gold in the Sierra Leone mountain at Baomahun

We presume that Samsung needs the gold of Sierra Leone-- to use in its electronics products that have earned it enough to create a $60 billion cash stash.


Baomahun gold project in Sierra Leone which keeps it on track for a first gold pour in H2 2015.
2014: The [South Korean] government of President Park Geun Hye this month published initial plans for a 10 percent tax on what it says are excessive fund hoards that should either be spent on wages and investment or distributed to shareholders. The levy, which needs lawmakers’ approval, could affect Samsung, which had the equivalent of $60 billion in cash and short-term investments at the end of June. 

Samsung donates 3,000 smartphones to help Ebola fight

The company says that the phones, worth about $1 million, will be used in 60 Ebola medical clinics in Guinea, Liberia, and Sierra Leone.

Sierra Leone News: Cluff Gold SL donates Ambulance, cash to Ebola Task Force

pres. koromaCluff Gold Sierra Leone, a (subsidiary of Amara Mining plc that is listed on the London Stock Exchange), [owner-operator of the Baomahun gold mine] 
a leading Gold Mining Company in Sierra Leone, has donated Le40million $9,140 and a Toyota Land Cruiser to the Ebola Task Force through, President Ernest Koroma at State House.




No comments:

Post a Comment