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invest in Noble to expand and take on

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ShortonCash   Friday, 09/28/12 10:57:42 PM
Re: ShortonCash post# 66
Post # of 95 
invest in Noble to expand and take on more opportunities in the country.

http://news.moneygh.com/pages/mining/201206/187.php

The Sector Minister made this disclosure during a meeting of top management personnel of Noble Gold Bibiani Limited (NGBL) led by Mr. Tunku Naquiyuddin, chairman of Noble Minerals resources Limited of Malaysia, and the Minister himself.


He urged the management of Noble Gold Bibiani Limited and other mining companies to purchase their social Licence for peaceful co-existence with their communities, adding that this would enable him to focus on policy formulation for the industry rather than hopping from one community to the next to resolve disputes between mining companies and their host communities.


Mr. Wyne Norris, Chief Executive Officer of NGBL disclosed that Noble Minerals Resources Limited of Malaysia has so far received US$126million investment into the operations of NGBL which is a subsidiary company of Noble Minerals Resources of Malaysia.


He said Noble owns the mining fleet, through Drilling and Mining Services (DAMS) a sister-company, and also the on-site state of the art laboratory that is run by locals.


Mr. Norris said NGBL, with a management team that is largely Ghanaian, will be looking for other opportunities in Ghana in the near-future since the nation is a safe haven in terms of peace and good governance in Africa.


Mr. Naquiyuddin, thanked the Minister for the ministry’s consent and support for Noble Minerals Resources Limited to take over the majority shares in the Bibiani Mine, and said it will deepen the Ghana-Malaysia relationship, using Noble as the vehicle of investment, and potentially get his group to invest in Noble to expand and take on more opportunities in the country.


The NGBL is said to have offered a large percentage of the indigenous people employment as one of their corporate social responsibilities.


By Kizito CUDJOE

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