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October 12, 2007

Essakane Gold - Breaking News!

Well, I had almost finished writing about the gold mining company Gold Fields, and their investment of $346 million at Essakane, when I read this on today's news:

"Transforming itself from explorer to intermediate gold producer, Orezone Resources Inc. (TSX:OZN) is paying US$200 million in cash and shares to acquire partner Gold Fields Ltd.'s 60 per cent interest in the Essakane project in Burkina Faso, West Africa." (the Canadian Press)

So we will now be looking at Orezone instead of Gold Fields...

More soon.

Tags: africa burkina burkina faso sahel gold essakane gold mine mining gold fields orezone

Posted by Keith at October 12, 2007 08:37 AM