Adamus Resources Invests $100m In Mining

Adamus Resources Limited, a mineral exploration company listed in Australia, Canada and Germany stock exchanges has announced plans to invest up to $100 million in its mining operations in the Western Region of Ghana over the next two years.
A senior management team of the company, led by its chairman, John Hopkins, is expected to pay a three-day working visit to Ghana to meet with key government officials and stakeholders.
Accompanying the chairman will be the Managing Director/CEO, Mark Bojanjac and the Chief Operating Officer, Mark Connelly.
"Adamus is an emerging producer that plans to be a major player in the mining business and this is coming at an ideal time when Ghana is making a big push for more strategic investments globally," says Mark Addo, Business Development and Commercial Manager.
The company, which currently employs 120 people in its local exploration sites at Salman and Anwia, plans to employ about 450 people during the construction phase.
"We plan on making a significant investment in the business, the local infrastructure, the people and the communities of our operations.
An integral part of Adamus' strategy is to maximize the utilization of local talent and resources through development and knowledge transfer,” he added.
Adamus Resources says it is looking forward to getting permits and approval from the Ghana government, to commence operations.
Adamus Resources Limited has been exploring in Ghana over the past five years and is committed to realizing the potential of the Southern Ashanti Project, where drilling has identified a resource of 1.6 million ounces of gold.
The Southern Ashanti Gold Project is situated on the southern extension of the Ashanti Gold Belt. The project consists of a contiguous block of granted tenure covering approximately 500 square kilometers.
Adamus owns 90 per cent of the project with the Ghana government holding the remaining 10 per cent.

Resources Invests $100m In Mining