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 a region in the far northeast corner of the Democratic Republic of the Congo (DRC) where gold was discovered in the Ituri River by government prospectors in 1903. Moto is in the Haut-Uélé Province and Kilo in the Ituri Province. Kilo Moto is a semi-continuous greenstone belt in the northeast of the DRC. In the northern part, the Moto Goldmines project has an aggregate lease area of 1,841 square kilometres (711 sq mi), with most activity centered on a 35 square kilometres (14 sq mi) area around the old Durba gold mine. It is possible that as much as 25.7m ounces of gold are present. In the center is the Zani-Kodo area. To the south is the Mongbwalu field, a 10,000 square kilometres (3,900 sq mi) concession to the north and east of Bunia that is mainly owned by AngloGold Ashanti with the DRC parastatal Office des Mines de Kilo Moto (OKIMO) holding a 13.78% interest.
The Kilo mine was opened in 1905 and the Moto mine in 1911. Gold was also extracted by panning the river gravels. In 1919 the government created the Régie Industrielle des Mines de Kilo-Moto, an autonomous body. In 1926 the Régie was converted into a commercial company, the Société des Mines d’Or de Kilo-Moto. Hydroelectric stations were built to power the crushing plants, and by 1930 the two mines, but mostly Kilo, were producing almost 5,000 kilograms (11,000 lb) annually. During the 1950s and 1960s Belgian charter companies extracted over 3m ounces from a total recorded 11m ounces of gold from hard-rock mines in the Kilo Moto belt. Mining included a mixture of alluvials and shallow oxide pits. There were also underground industrial mines near Mongbwalu, namely Adidi, Senzere and Makala. Read more at https://en.wikipedia.org/wiki/Kilo-Moto
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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