Business
Progress Report on Ghana Gold Operations
Progress Report on Ghana Gold Operations.
About this update from Goldplat Plc
[{"type":"text","content":"\n \n\n\n\n\n Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration\n16 March 2010\n Goldplat plc ('Goldplat' or 'the Company')\n Progress Report on Ghana Operations\n\nGoldplat plc, the AIM quoted gold producer, has, though its Ghanaian gold\nrecovery business, Gold Recovery Ghana Limited ('GRG'), signed an ongoing\nagreement with AngloGold Ashanti (Ghana) Limited ('AngloGold') to purchase gold\nbearing materials for processing at its operations in Tema, Ghana. The Company\nis confident that the gold produced from these materials will increase GRG's\noverall monthly gold production figures.\n\nGRG provides an economic method for mines to dispose of waste materials while\nmeeting environmental obligations. In line with this, the agreement will see\nGRG acquire fine carbon and mill liners, which are by-products from the mining\nprocess, from AngloGold's Obuasi and Iduapriem gold mining operations in Ghana,\nwhere stockpiles of these materials have accumulated. It is anticipated that\nthe first load of materials are expected to be delivered to GRG by beginning of\nApril 2010.\n\nGoldplat's CEO Demetri Manolis said, \"Our gold recovery processing operations\nboth in Ghana and South Africa continue to be cash generative and profitable.\nWe are focussed on increasing production at GRG, so were delighted to strengthen\nan existing relationship with one of the major mining companies, AngloGold, and\nsecure additional long-term supplies of gold bearing materials for processing\nand future production.\"\n\n * * ENDS * *\n\nFor further information visit www.goldplat.com <\n\nhttp://www.goldplat.com/> or\ncontact:\n\n Demetri Manolis, CEO Goldplat plc Tel: +27 (0) 11 423 1203\n\n James Joyce WH Ireland Limited Tel: +44 (0) 20 7220 1666\n\n David Porter WH Ireland Limited Tel: +44 (0) 20 7220 1666\n\n Felicity Edwards St Brides Media & Finance Ltd Tel: +44 (0)20 7236 1177\n\n Isabel Crossley St Brides Media & Finance Ltd Tel: +44 (0)20 7236 1177\n\n\nNotes:\n\nGoldplat is an AIM-listed gold producer with operations in Africa. Its strategy\nis to consolidate its position as a gold producer in Africa and build itself\ninto a highly profitable mid-tier gold company, leveraged through revenue\ngenerated from its gold recovery businesses.\n\nThe Company has two recovery busine...