https://www.miningweekly.com
Gold|Mining|PROJECT|Resources|Water|Environmental
Gold|Mining|PROJECT|Resources|Water|Environmental
gold|mining|project|resources|water|environmental

Cardinal's mining licence gets ratified

20th July 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) –Takeover target Cardinal Resources on Monday announced that the mining licence for its Namdini gold project, in Ghana, had received Sovereign Parliamentary Ratification.

“It is most pleasing to have the Minister for Lands and Natural Resources and the Minerals Commission of Ghana support our mining licence, which has led to the Sovereign Ratification of our mining licence by the Parliament of Ghana,” said Cardinal CEO and MD Archie Koimtsidis.

“This ratification and the recent issuing of the Environmental Protection Agency permit along with our Water Extraction permit and relocation action plan approval, places the Namdini gold project into an extremely secure and solid position for development.”

A feasibility study into the project estimated that it would produce some 4.2-million ounces of gold over a mine life of 15 years, with an estimated 1.1-million ounces expected over the first three years of the operation. Namdini is expected to cost $390-million to develop.

Cardinal is currently fielding two takeover offers, one from gold producer Nordgold, which is offering 66c in cash for each share held, and a 60c a share offer from Hong Kong-based Shandong Gold Mining.

Edited by Creamer Media Reporter

Comments

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.108 0.143s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: