Societe Des Mines D'or de Kilo-Moto - 1944 Congo Mining Stock Certificate - Unique African Scene Vignette through Title
Inv# FS1072 Stock
Stock with gorgeous vignette of natives on a river side, track with mining car. A very attractive gold mining stock!!! Coupons attached. Kilo-Moto is located in the far northeast corner of the Democratic Republic of the Congo (DRC), where government prospectors discovered gold in the Ituri River in 1903. Moto is situated in the Haut-Uélé Province, while Kilo is in the Ituri Province. Kilo Moto represents a semi-continuous greenstone belt in the northeastern region of the DRC. The northern section features the Moto Goldmines project, which encompasses a total lease area of 1,841 square kilometres (711 sq mi), with the majority of operations focused on a 35 square kilometres (14 sq mi) zone surrounding the historic Durba gold mine. It is estimated that approximately 25.7 million ounces of gold may be present. Centrally located is the Zani-Kodo area. To the south lies the Mongbwalu field, a concession covering 10,000 square kilometres (3,900 sq mi) to the north and east of Bunia, primarily owned by AngloGold Ashanti, while the DRC parastatal Office des Mines de Kilo Moto (OKIMO) retains a 13.78% stake.
The Kilo mine commenced operations in 1905, followed by the Moto mine in 1911. Gold extraction also occurred through panning river gravels. In 1919, the government established the Régie Industrielle des Mines de Kilo-Moto, an autonomous entity. By 1926, this Régie was transformed into a commercial enterprise known as the Société des Mines d’Or de Kilo-Moto. Hydroelectric power stations were constructed to supply energy to the crushing facilities, and by 1930, both mines, particularly Kilo, were yielding nearly 5,000 kilograms (11,000 lb) of gold annually. Throughout the 1950s and 1960s, Belgian charter companies extracted over 3 million ounces from a total recorded 11 million ounces of gold from hard-rock mines within the Kilo Moto belt. The mining operations included a combination of alluvial deposits and shallow oxide pits, as well as underground industrial mines near Mongbwalu, specifically Adidi, Senzere, and Makala.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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