Mining Magazine July 2014 | Page 66

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 ’

Investing in Portugal Several factors combine to explain Colt ’ s decision to develop the gold and tungsten mining sectors in Portugal .
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 . “ In 2012 the government published a new strategy about mineral resources that gives clear political support to the mining sector ,” he said . “ We have a great relationship with them , and also have a beautiful infrastructure , a very good motorway network and our properties are nearby along with ports and prime rail connections .”
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
66 July 2014