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Aug 24, 2011

Akwatia Mines get new life

H.E Mr. John Dramani, the Vice-President, has inaugurated a new Ghanaian-owned company, the Great Consolidated Diamonds Limited (GCDL), to reactivated operations at Akwatia in the Eastern Regions

The Veep stated that, the new company, which is taking over from the Ghana Consolidated Diamonds Limited (GCD), is investing $100 million in a five-year multi-phase programme and is expected to produce one million carats of diamonds per annum.

 Mr. Dramani made this known at Akwatia, during a durbar of the chiefs and people of the area, to inaugurate the new company, pointing out that GCDL intends to establish an integrated diamond mining and diamond processing industry with the prime objective of turning around the fortunes of the mine.

 He added that the beginning of operations marks an important milestone in the mining industry in Ghana and signaled the renewal of mining on a large scale.

 The Veep said the current divestiture is “unique” because the company is completely Ghanaian-owned, and also assured the company of government’s commitment to provide a conducive atmosphere for it to succeed in its operations.

 He therefore commended GCDL for initiating moves to integrate the activities of the small-scale miners into their operations, and indicated that it will be a model to solve the incidence of illegal mining or ‘galamsey’ operations in the country.

Source: ISD