Japan Gold Corp at 121 Mining Investment EMEA/London Conference (Virtual) Transcript
Welcome to Japan Gold. I'm John Proust, Chairman and CEO. My short presentation today will cover a brief introduction to Japan Gold, but primarily focus on the Barrick alliance activities in Japan and our independent project activities. I will be making some forward-looking statements today.
So Japan Gold was formed on the basis of a change in the Japan mining law that occurred in 2012 that allowed foreign companies to come into Japan for the first time in the country's history and hold prospecting rights, mining rights, or own mines. Japan Gold was the first company in the world to go to Japan on that basis.
There have been a rich history of high-grade gold mining in Japan started right back in the 1500s. But that history had been interrupted by the Second World War. In 1943, the government closed all 76 active gold mines and reallocated the miners to base metal mines and factories to support the war effort. After the war, only a handful of the mines reopened and 64 of the mines are still closed today.
In the
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