No big news items, but a nice overview with some good background on the Ghana operating environment.
Some small samplings:
The Ghanaian government is generally very supportive of gold mining, and Bojanjac says that the political system offers local community heads and representatives plenty of scope for involvement in the local industry.
The people on the ground have plenty of say through their local chieftaincies. Each local village has a chief and some of these are literally less than a kilometre apart. Above that, theres a head of the chieftaincies and above that again there is a member of parliament, and on that goes, right up to ministers within the Ghana government itself. They all take a fairly active interest, he says.
In the case of the Southern Ashanti project, this is truer than ever because the particular region which houses the project has never had an existing gold mine before.
.......................
We will grow it in two ways. One is organically. There are more ounces in our ground; were surrounded by 100,000 ounces in 100 kilometre radius. We have 665 square kilometres and weve explored about 15 per cent of it. Its not a maybe that theres more gold there, there is. So we can certainly grow it organically, Bojanjac explains.
ADU Price at posting:
39.0¢ Sentiment: LT Buy Disclosure: Held