HomeBusiness and policyGolden Star announces receipt of Ghanaian Regulatory Approval

Golden Star announces receipt of Ghanaian Regulatory Approval

Golden Star Resources has announced that the Ghanaian Ministry of Lands and Natural Resource has informed Chifeng Jilong Gold Mining Co. that it has no objection to Chifeng becoming the controller of Golden Star via Chifeng’s subsidiary, Chijin International and/or its assignee.

GSWL is Golden Star’s 90% owned subsidiary that holds the mineral rights relating to the Wassa gold mine. The no objection letter was issued in accordance with section 52 of the Minerals and Mining Act, 2006, (Act 703) and on the advice and recommendation of the Minerals Commission. The Ministry’s approval of the transaction is subject to customary conditions.

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