World Food Buys 12 Gold Mines in Ghana, Africa

December 1, 2009

3 Min Read
World Food Buys 12 Gold Mines in Ghana, Africa

World Food has begun to expand its farming operations to Ghana, Africa. Through its new funding structure, it has begun purchasing gold mines as part of its funding structure for the Mega Farms it is building in Ghana. World Food has secured the Mineral rights to 300 acres of Alluvial Gold mines. Each mine is 25 acres. The mines are located in the area of Kibi. World Food has begun moving the excavators, bulldozers, gold washers, and water pumps into that area for immediate deployment. It has purchased 15 320 D excavators, eight bulldozers, 120 manual washers, and 100 water pumps for this massive operation. Each mine is expected to produce 10-20 kilos of gold dust per month. Three of the mines are already producing dust. The dust is 90% pure and at least 22Kts in quality.

World Food Association has formed a wholly owned subsidiary named World Food Ghana LTD. This company has begun to purchase pre-existing mining companies as well. The companies it has previously secured mining concessions either through purchase or tribal inheritance but lacked the money to truly cultivate the mining concessions and were using time-consuming and often crude methods of manual labor. The previous mine owners were using laborers that had shovels and they would only mine 1-2 kilos every two months. Now that World Food has aggressively moved into Ghana and has invested close to $10 million in equipment, infrastructure, and employees, these mines that were once lifeless will soon be beacons of economic growth.

However, getting to the point of investment was extremely difficult for World Food. The investors of World Food started out with some spot buys through private corporations in Ghana. The spot purchases did not go well. After several attempts at consummating spot purchases and failing at each one, World Food decided to "go back into the brush," sending Henry Oliver Ford to meet with and talk to the Chiefs and Mining Company owners directly. This was a stroke of genius on behalf of John Goldstein, WFAO's principal share holder. "Henry said to let him handle it," said Goldstein. "He has never failed us before, so I let him go do his thing."

Much to the surprise of the World Food staff, Henry did not only come out of the brush with one concession, but he came out with 12 concessions, the principal ownership of five mining corporations, and is negotiating the acquisition of 200,000 acres of land that will be used for agriculture. The royal families of Africa truly enjoy his sense of spirit, charisma, and good sense of humor. Ford is notorious making deals that can’t be refused. "A deal consists of both parties reaching mutual financial satisfaction," Ford says.

World Food will use the proceeds from the gold to pay for their farming infrastructure. The firm intends to sell some of their gold to private buyers at a discount. These transactions will be handled through PMMC. World Food has numerous miners that sell at their village sites at a discount because they lack adequate transportation to get into the city of Accra. These villagers alone account for a staggering 80-120 kilos of gold per month. Currently World Food is fielding investor applicants to secure long-term supply contracts. World Food has a 50-kilo per month minimum to all interested parties.

World Food will continue to expand throughout the continent of Africa in its efforts to "Feed the World One Nation at a Time."

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