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canucklehead80

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canucklehead80

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Wednesday, 10/12/2011 7:14:37 PM

Wednesday, October 12, 2011 7:14:37 PM

Post# of 1171
One Out Of Two Ain’t Bad
Orezone Sees 2015 Burkina Faso Gold Production

By Ted Niles

The 2008 acquisition of Orezone Resources Inc by IAMGOLD Corporation TSX:IMG was, in President/CEO Ron Little’s view, less a takeover than it was “a take-under.” The junior mining company was within reach of production at its Essakane gold project in Burkina Faso when the market crash dealt it a decisive blow. “We were about a third of the way into Essakane in terms of construction when it hit,” Little laments. “We got it fully permitted on our own; we had a debt facility approved; it was the biggest capital investment ever in Burkina Faso.”

Read the rest of this article: http://bit.ly/nxt6zd
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