Posted on 12/01/2009 6:05:09 AM PST by TigerLikesRooster
World Food buys 12 gold mines in Ghana
Business
World Food has begun to expand their farming operations to Ghana.
Through their new funding structure, they have begun purchasing gold mines as part of their funding structure for the Mega Farms they are building in Ghana.
World Food has secured the Mineral rights to 300 acres of Alluvial Gold mines. Each mine is 25 acres. The mines are located in the area of Kibi.
World Food has begun moving the excavators, bulldozers, gold washers and water pumps into that area for immediate deployment. World Food has purchased fifteen (15) 320 D excavators, 8 bulldozers, and 120 manual washers and 100 water pumps for this massive operation. Each Mine is expected to produce 10-20 kilos of gold dust per month. Three of the mines are already producing dust. The dust is ninety (90) percent pure and at least 22Kts in quality.
World Food Association has formed a wholly owned subsidiary named World Food Ghana LTD. This company has begun to purchase pre-existing mining companies as well. The companies they have previously secured mining concessions either through purchase or tribal inheritance but they lacked the money to truly cultivate their mining concessions and were using time consuming and often crude methods of manual labor.
The previous mine owners were using laborers that had shovels and they would only mine 1-2 kilos every two months. Now that World Food has aggressively moved into Ghana and has invested close to ten million dollars in equipment, infrastructure and employees, these mines that were once lifeless will soon be "beacons of economic growth!"
However, getting to the point of investment was extremely difficult for World Food. The investors of World Food started out with some spot buys through private corporations in Ghana. The spot purchases did not go well. After several attempts at consummating spot purchases and failing at each one, World Food decided to "go back into the brush" and they sent Henry Oliver Ford to meet with and talk to the Chiefs and Mining company owners directly.
Much to the surprise of the World Food staff, Henry did not only come out of the brush with one concession, but he came out with twelve concessions, the principal ownership of 5 mining corporations and is negotiating the acquisition of 200,000 acres of land that will be used for Agriculture.
The royal families of Africa truly enjoy his sense of spirit, charisma and good sense of humor. Mr. Ford has notoriety for being the type of business man that offers "deals you can't refuse." Mr. Ford says, "A deal consists of both parties reaching mutual financial satisfaction."
World Food will use the proceeds from the gold to pay for their farming infrastructure. The firm intends to sell some of their gold to private buyers at a discount. These transactions will be handled through PMMC.
World Food has numerous miners that sell at their village sites at a discount because they lack adequate transportation to get into the city of Accra. These villagers alone account for 80-120 kilos of gold per month. The figures are staggering! Currently World Food is fielding investor applicants to secure long term supply contracts. World Food has a 50 kilo per month minimum to all interested parties.
World Food will continue to expand throughout the continent of Africa in their efforts to "Feed the World One Nation At A Time."
SOURCE World Food Association
Ping!
Well they are encouraging employment, capitalism, and local industry. A lot more than our president.
Hmmmmmm....mabe they know sumtin we don’t?
Always in to it for the money.
This a UN outfit? World Food?
Yup! And they ain’t fighting the eco-nazis.
Funny when Mega farms exist in Zimbabwe or South Africa they are regarded as part of the white man's rapacious exploitation of stolen land, but then the UN turns around and tries big commercial farming in Ghana. What gives here?
If this is the right organization, it looks to be for-profit, and will soon find the eco-nazis blocking their gold mining operations. http://www.wfao.us/Home_Page.html
World wide greenies are going to mine when they tell us not to?
All of the commies want all the gold.
No shots fired.
Reminds me of the letter my Dad once got from a “feed the poor” charity asking for money to build a radio station.
Right outcome, wrong track.
If history repeats itself, and it almost always does, Ghana (formerly known as the "Gold Coast") will allow the White man to develop its resources, will totally ignore all environmental regulations, will seize the mining operations when they become fully operational, and will completely screw things up. A few of Ghana's fat cats will escape after having stashed stolen money offshore, those left behind will fight numerous civil wars, and many tribes will be decimated.
Almost everybody loses: especially the people and the mining companies.
It is very hard to screw up gold mining but I predict they will.
It’s good to see SOMEBODY is getting good use of our tax dollars.
Looks like a press release for a penny stock. That is, bogus.
yitbos
It is NEVER a good sign when the Left moves toward commodities. They know what is coming and they are preparing so they can survive into the new world order. His is NOT good...
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