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Development of new gold mines resume


Gold prices keep accelerating
The surge in gold prices on international commodity markets is accelerating plans by gold mining companies to set up new mines in Ghana. It is also making old, discontinued mining operations viable again.
The first mines in northern Ghana – there are two of them – are approaching construction stage. But even before construction on those two begins, the improved economic viability of gold mining, coupled with technological advancement is bringing old mines in Ghana back on stream again.
Construction on Ghana’s latest gold mining project is set to begin immediately following the granting of an environmental permit to Goldstone Resources from the Ghanaian Environmental Protection Agency (EPA) for its Homase South Pit. This is part of its wider Akrokeri-Homase project which comprises of the Akrokeri underground mine and the Homasi open pit, where it will conduct surface mining. The environmental permit is a prerequisite for the other ne ....

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Dongshan Intention To Make Off-Market Bid – Take No Action


Cardinal Resources Limited (ASX / TSX: CDV) (
Cardinal or
Dongshan) (
attached for reference) which states that Dongshan intends to make an off-market takeover offer of A$1.20 per share to acquire all of the issued capital of Cardinal, subject to a number of conditions set out below (
Dongshan Indicative Offer).
It is important to note that, other than the Dongshan Indicative Offer, there has been no formal proposal or offer from Dongshan to acquire Cardinal shares that is currently capable of acceptance, nor is it certain that a formal proposal will ultimately be made.
The Dongshan Indicative Offer is subject to, amongst other matters: ....

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