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Mining: The Ghanaian government approves the takeover of Golden Star

23/11/2021
Categories: Raw materials

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The mining company Golden Star Resources has received the agreement of the Ghanaian government to complete the process of its takeover by Chifeng Jilong Gold Mining. The announcement was made on Monday, November 22 by company executives.

The Ghanaian government finally approves the acquisition of Golden Star by the Chinese Chifeng Jilong. In the first half of the year, the Ghanaian Minister of Mines forced Resolute Mining to cancel the sale of the Bibiani gold mine to Chifeng Jilong. This time, the option chosen by the Chinese group (buying out a company instead of directly taking control of a mine) seems to be working. All that remains now is shareholder agreement and other regulatory approvals, before Chifeng joins other Chinese companies active in Ghana's gold sector, such as Shandong Gold which acquired Cardinal Resources and its project last year. Namdini.

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