RE: re bissa goldYes, this is HRG's project. Just another case of hiding the facts, any other gold company in the world would be crowing anout this, and the stock would be up 15% just like Detour.
BY EDMUND SMITH-ASANTE, BACK FROM OUAGADOUGOU
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| Bissa Gold's Ibrahim Ouedraogo Pit |
The Bissa Gold Mine SA, which has been under construction since September 29, 2011, is scheduled for completion and opening in December 2012.
When production gets underway, the mine is expected to offer employment to between 500 and 700 of the riparian populations of Bissa, Imiougou, Bissighin and Sabce affected by the mine construction, who meet the requirements laid down for the exercise of such jobs and for which a procedure for recruitment has been developed in consultation with the Local Consultative Committee.
The new mine, which will become one of Burkina Faso’s large gold mines when completed, is 90% owned by NORDGOLD, a Russian company listed on the London Stock Exchange (LSE:NORD) with 10.6% of its shares made floated to the public.
NORDGOLD was established in 2007 and since then has evolved into one of the main international gold producers with eight mines in operation in four countries, which are, Canada, Russia, Guinea and South Africa.