DOLV News .025 Dolat Ventures Continues to Diam
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DOLV News .025
Dolat Ventures Continues to Diamond Mine in Sierra Leone
2012-12-07 08:30 ET - News Release
*Sierra Leone is One of The Best Destinations for Investment in Africa NEW YORK, Dec. 7, 2012 /PRNewswire/ -- Dolat Ventures Inc. (OTC: DOLV) a diamond development company focused on its mining projects in West Africa's Baimbawai Pool on the Sewa River in Sierra Leone commented today on the growing economic opportunities in the mining industry. Sierra Leone is considered one of the most stable countries on the African continent. It has a thriving democracy along with a growing economy and the investment climate is booming. Sierra Leone's coast has fertile seas, vast mineral resources and hard working people...... a true land of opportunity. The country has benefited from increasing tourism and has continued to attract significant attention from global business and investors. In an annual survey conducted by the World Bank across a total of 183 Countries, the level of Investor Protection Sierra Leone, ranked 29th out of 183, was higher than a number of developed Western European Countries including Germany and Switzerland and ranks alongside Denmark & Sweden and on average 40% higher than the rest of Sub Saharan Africa. Sierra Leone also ranked a respectable 79th out of 183 in the ease of starting a new business. In a recent report issued by the Standard Chartered Bank forecasts show Sierra Leone is set for rapid growth; with forecasts at 30% growth in real GDP in 2012 Government forecasts from the Ministry of Finance and the IMF go beyond this and estimate a potential one time surge in real GDP growth of 51% y/y in 2012 owing to new iron-ore production from the Tonkolili mine which would still put Sierra Leone among the fastest-growing African countries.