Are abandoned mines a good investment?
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The opportunity to re-open old abandoned gold mines in South Africa, many of which are forgotten and vandalized, presents the investor, government and community a viable way to estalish a legal small scale mining industry.
Under the right circumstances many of these abandoned mines offer a potential return on investment. The value add is not only for the investor and state, but also benefits the surrounding communities that were established around these mines years ago and could uplift the community’s current socio economic status.
Many of these gold mines have substantial mineral resources that could support small scale mining for the next 10 years and play a material role in the inland revenue of South Africa and the rejuvenation of the local economies.
Under the right circumstances many of these abandoned mines offer a potential return on investment. The value add is not only for the investor and state, but also benefits the surrounding communities that were established around these mines years ago and could uplift the community’s current socio economic status.
Many of these gold mines have substantial mineral resources that could support small scale mining for the next 10 years and play a material role in the inland revenue of South Africa and the rejuvenation of the local economies.
