Terrorist Threats
Terrorist threats from Mali to Burkina Faso have spread to border areas with Ghana and Ivory Coast as Islamist militants seek to extend their influence. In January, the body of an executive of Vancouver-based Progress Minerals Inc. was found with bullet wounds after being kidnapped from an exploration site in the northeast of Burkina Faso. There are also more conventional challenges. A lack of skilled workers and basic infrastructure such as electricity supplies and roads makes mines more expensive to build, Toguyeni said. Still, once projects are up and running, there’s good money to be made. Gold Fields Ltd. produces at a cost of about $950 an ounce at its Tarkwa mine in Ghana, said CEO Nick Holland. Once the waste rock is stripped away, “there is quite a lot of meat on the bone to go for,” he said. “If you can manage costs and be efficient, open pits, it’s great business.” Several smaller companies are exploring for gold in West Africa, aiming to either develop their own mines or find a buyer once a discovery is made, said Cora Gold Ltd. CEO Jon Forster. Cora is exploring a deposit in Mali and believes it can get investor support for a mine, said Forster, a veteran geologist who has worked in West Africa for about 25 years. “It’s one of the world’s great gold provinces, he said. “This gives investors the confidence that you can take a project from exploration stage to mining.”DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
‘Man stuffing ballot box, not our staff and incident not related to Ejisu by-election’ – EC
2 mins -
Agogo Presby Hospital holds annual performance review meeting
6 mins -
Fifth body found after Baltimore bridge collapse
17 mins -
Atlantic Lithium to list on the Ghana Stock Exchange
21 mins -
EOCO could have done more investigations into Cecilia Dapaah’s case – GII
38 mins -
MTN FA Cup: Dreams FC to switch focus to title defence after CAF Confederation Cup elimination
52 mins -
New photo marks Princess Charlotte ninth birthday
59 mins -
Dafeamekpor files appeal against dismissal of request to compel Akufo-Addo to accept anti-LGBTQ bill
1 hour -
Group submits RTI application seeking information on BVRs for limited registration exercise
1 hour -
They accepted my lunch offer – Kwadaso MP on money given to EC officials
1 hour -
KAIPTC launches 5-year strategic plan
1 hour -
Akwaboah Jnr stuns fans with wedding announcement
1 hour -
Chiefs not mandated to rise to greet visitors – Atuguba questions Chieftaincy Ministry justification
2 hours -
‘I did not bribe anybody, my action was misconstrued’ – MP involved in Ejisu ‘envelope’ incident
2 hours -
Respect is earned, not commanded – Raymond Atuguba tells public officials
2 hours