This was once one of the great ports of Africa...
On the west coast of the former Portuguese colony of Angola, lies the port of Lobito.
It was built by the Portuguese in 1905. But it really took-off when it became the western terminus of the famous Benguela railroad in 1928.
By the 1930’s the railroad stretched deep into the heart of Africa. It snaked through 1,314 kilometres of hostile terrain. And it went straight to the fabulously rich copper mines in the south of the Belgian Congo.
But Angola was wrecked by a brutal civil war in the 1970’s. It lasted for more than three decades. And the railway fell into ruin...
Mining in southern Congo also ground to a halt as the country stagnated under the long rule of Joseph Mobutu...
But things are changing rapidly. Democracy has returned to the Congo. And the civil war in Angola is over...
Now one remarkable company has revived the richest mines in the Congo. And the Benguela railway that carried all that wealth to rest of the world is being rebuilt.
Most investors haven’t caught on to this story...yet...
Which means that you can still buy in on the cheap. In fact, getting in now could give you a 237% gain*.
Angola has seen a massive turnaround
Angola has made huge strides since the civil war ended in 2002. It has one of the fastest-growing economies in the world. The Angolan economy grew by 21% last year. That’s seven times as fast as the UK. And twice as fast as China.
Angola’s economic boom is being driven by its huge oil reserves. The country joined OPEC in 2007. By the end of the year it should produce 2 million barrels of oil day. It is already Africa’s second biggest oil producer after Nigeria.
It is now the world’s fifth biggest producer of diamonds as well.
Now the government is using its new wealth to rebuild to country’s infrastructure...
The government has big plans for Lobito
Lobito is the second biggest port in the country by cargo volume. And now the Angolan government has big plans for it. They’re spending $1.8 billion on a massive expansion and modernisation programme.
They’re building a dry dock and a quay for mining products. And a second quay is being built for the output of a new oil refinery that is planned for Lobito later this year. The national oil company, Sonangol, plans to build a 200,000 barrel a day capacity refinery. It will cost between $5 billion to $6 billion.
Now Lobito is about to become a major transport hub again. Work has started on new railway lines to the port.
Crucially for us, the Benguela railroad from Lobito to southern Congo is also being rebuilt...
The Benguela Railway will be a shot in the arm for this investment...
Profit Hunter readers are already invested in the remarkable company that has revived the great mines of the southern Congo.
This company now exports its metal via South Africa. The rebuilt Benguela line will slash its transport costs massively. And that is going to give this company a shot in the arm.
You see, by 2011, this company could control half the world’s supply of a metal that is critical to the global economy...
That puts it in an absolutely unique position...
Because you need this stuff to make everything from nuclear reactors to mobile phones...
The profit opportunity here is huge.
We’ve got a target of C$31 for this share. That’s 237%* above where it is now.
And the story of how this company ended-up in this remarkable position is absolutely fascinating...
It’s the sort of thing that you couldn’t make-up if you tried. Read all about it and learn how to get in by clicking here.
* Prices as at 25/07/2008. Please note: Forecasts are not a reliable indicator of future results. Please note; Forecasts are not a reliable indicator of future results.
Manraaj Singh
Chief Investment Strategist
Profit Hunter
P.S. If you enjoyed this article then we encourage you to sign up for Profit Hunter. Track down exciting opportunities in the worlds’ emerging markets and always stay ahead of the curve.
Benguela Railway Provides The Railroad To Africa's Riches
Fleet Street Daily: insightful, humorous and contrarian investment advice - get it FREE each day here…
PROFIT HUNTER
Profit Hunter tracks down exciting opportunities in the worlds’ emerging markets. Always ahead of the curve and always in profit.
Find out more about Profit Hunter »FLEET STREET LETTER
Contrarian, cutting-edge analysis for sensible, long-term investments that secure you high growth and healthy dividends.
Find out more about Fleet Street Letter »
Profit Hunter is a regulated product issued by Fleet Street Publications Limited. Shares recommended may be small company shares. These can be relatively illiquid and hard to trade making them riskier than other investments. Some shares may be denominated in a currency other than sterling. The return from these may increase or decrease as a result of currency fluctuations. All portfolio figures are based on virtual performance and are calculated using the closing mid-prices on the date on which shares are first recommended, they do not take into account subsequent re-recommendations at a different price. All gains are gross, and returns will be affected by dividend payments, dealing costs and taxes. A full portfolio is available on request. Profits from share dealing are a form of income and subject to taxation. Tax treatment depends on individual circumstances and may be subject to change in the future. Editors or contributors may have an interest in shares recommended.
Investment themes:
Daily Reckoning | Energy | Small Cap | Gold | Commodities | Shares | Oil | Spread Betting | Economy | Emerging Markets
Investment services:
Fleet Street Letter
|
Profit Hunter
|
Red Hot Penny Shares
|
Smart Commodities UK
|
The Bulford Files
|
Zurich Club
Free E-letters:
Fleet Street Daily
|
Penny Sleuth
Copyright 2008 © Fleet Street Publications
Registered office 7th Floor, Sea Containers House, Upper Ground, London SE1 9JD. Registered in England with Co. No. 1937374. VAT No GB629 7287 94
Fleet Street Publications is authorised and regulated by the Financial Services Authority Reg No. 115234. www.fsa.gov.uk/register
Registered office 7th Floor, Sea Containers House, Upper Ground, London SE1 9JD. Registered in England with Co. No. 1937374. VAT No GB629 7287 94
Fleet Street Publications is authorised and regulated by the Financial Services Authority Reg No. 115234. www.fsa.gov.uk/register