Investing in Africa comes with a higher level of risk, although sometimes it takes a tragic event, such as the incident en route to SEMAFO’s Boungou mine in Burkina Faso last month, to remind investors of the fact. In this note we examine ASX-listed mining companies that have exposure to West Africa, focusing on seven countries, 36 mining companies, and 80 projects in various stages of development. These projects are mapped and risk-assessed based on location. We find risks vary considerably, and a Company’s projects and prospects need to be assessed in this light.
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