News

April 28, 2008

Gippsland Has Tin As Well As Tantalum In The Jewel In The Crown

By Alastair Ford

Jack Telford at Gippsland refers to his company’s Abu Dabbab tantalum project in Egypt as “the jewel in the crown”. Back in the old days of empire, before London took a break from financing most of the world’s mining activities Egypt always played second fiddle to India. London’s back on top, at least as far as money is concerned, but this time round Egypt has leap-frogged India. Egypt is beginning to have a track record of success in attracting foreign capital for development in the resources sector, though much of the effort to date has gone into the burgeoning oil and gas sector.

But Jack Telford has his “jewel in the crown” down on the Red Sea coast and he’s not alone on the ground there. Not only does Gippsland have other projects, but at Sukhari Egypt pays hosts to one of the largest development stage gold resources available for investors to buy into on the Aim market. By contrast, the only small company listed in London with a focus on India, Platinum Mining Corporation, is in the process of de-listing after tussles over mining rights and a board-room bust up....