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Talensi: Cardinal Namdini to invest over $600m in large-scale gold production

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Having provided residents of the Digaare and Biung communities, who would have been affected by their mining activities, with newly built modern-day households in the Talensi District of the Upper East Region, Cardinal Nmadini Mining company is poised to invest a whopping $600m into full-scale gold mining in the District.

Speaking at the commissioning of the resettlement project which saw over 117 families occupy the newly built communities, the Chief Executive Officer of Cardinal Namdini Mining Company Limited, Luis Santana mentioned that the investment will see his outfit produce over $1m ounces of gold in the first three years of its operation with an average of 280,000 ounces of gold during its 50-year span.

According to him, “the completion of the resettlement project paves the way for the construction of the Namdini gold mine with an estimated gold production of over 1millon ounces of gold during the first 3 years of operation and it will have an average of 280,000 ounces of gold during its 15-year life of mine.”

He added that, “this project will require an investment higher than $600m during the life of the mine.” This significant investment will bring economic growth, promote new business opportunities and most needed development into the Upper East Region, specifically, the people that are closest to the project that is, the people of ‘New Accra Site’ and the Digaare people.”

To achieve its vision of full-scale gold production in the District, Mr. Santana believes it will take more stakeholder and government support coupled with peaceful coexistence between residents and the management of Cardinal Namdini Mining Company Limited.

He further explained that management is committed to abiding by all mining regulations of the country and therefore will ensure the personal safety of its workers and the residents of the Talensi District.

On his part, the Minister of Lands and Natural Resources Samuel Abu Jinapor, noted that the government is committed to supporting private businesses, of which Cardinal Namdini is not an exception, and make the citizens of the mining zone also benefit from the mining activities.

Source: A1radioonline.com|101.1 MHz|Kennedy Zongbil|Talensi|Ghana

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