When gold is hot, everybody wants to get involved. Even, it seems, the United Nations.
The worldwide organization devoted to promoting world peace is not above a bit of gold promotion, judging from a news release from its Department for Technical Co-operation and Development. The dtcd is taking credit for persuading a group of private Canadian mining companies, including Cominco and Noranda, to combine with the state gold mining company of Ghana and invest $100 million(US) in gold exploration and development in the African nation. “The philosophy is to emphasize less academic and less stale studies of issues, but real-life results,” says the un agency. Apparently that means raising bucks and creating “an investment climate for … entrepreneurs.”
The department also says it will add new emphasis to “restructuring of under-efficient state enterprises,” which would seem to make the adoption of good old capitalist ideals almost complete.
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