Colt Resources
Drilling works are well underway
‘ The country has a mining legacy stretching 2,000 years back to Roman times and Martins points to a continuing enthusiasm and acknowledgement of the industry ’ s importance to the nation ’ s economic recovery ’
Colt has also been able to draw vital investment from a number of Portuguese sources , part of a batch of investors including a Canadian pension fund and several institutions and individuals from Germany , Switzerland , China and Hong Kong .
Construction company Teixeira Duarte is a key partner . “ They are a big construction group working not only here but in Brazil and Angola ,” Martins added .
“ They have a mining division which is developing several works for Portugal ’ s main copper mine Neves-Corvo and can help us to develop our projects . All our investors share our view and strategy and feel that they will see a good reward on their investment .”
So far investment into the two projects has exceeded € 60 million with Martins predicting another € 100-130 million be needed before both sites become operational , making
126 August 2014