Now, we have been set back by another three months that is also cost”.Īgain, he pointed out that the situation will affect the local economy, small and medium-sized enterprises as well as investor confidence. It cost us a lot to restart mining here a lot of cost which we haven’t even recovered 50 percent of it. He added: “Now, if Golden Star, one of our operations, which contributes roughly about a third to our total production has to stop operating for about three months, that should tell you that it is real cost to the whole process, which we’re losing out. So, look at the value chain here now,” Gerard Boakye, Group Corporate Affairs Manager of Golden Star Wassa Limited, was explaining the effect of the situation to the media when they visited the company’s site to know the extent of damage by the illegal miners. This year, we saw the new regulation or sort of by-law that we need to contribute 20 percent of our annual production to the gold for oil stuff, which will reduce our expenditure our use of foreign exchange and improve the value of the cedi. “One major thing that comes to mind straight is that last year, most mining companies contributed 5000 ounces to our reserves. Internal applications, then our B2B based Bizapedia Pro API™ might be the answer for you.Also, the situation has a knock-on effect in terms of the company’s contribution to national economy, and statutory payments would all go down. If you are looking for something more than a web based search utility and need to automate company and officer searches from within your WHAT'S INCLUDED IN THE ADVANCED SEARCH FORM? Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, Filing Jurisdiction, Entity Type, Registered Agent,įile Number, Filing Status, and Business Category. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges.
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