Perseus Mining Gets Ghana’s Approval for Gold Mine

10 June 2010 (Last Updated June 10th, 2010 18:30)

Australia's Perseus Mining has received approval from Ghana's Government for construction and production at its Central Ashanti gold project. The Perth-based gold producer has already raised $140m to fund the project. The company has also got approval from Macquarie Bank and

Australia's Perseus Mining has received approval from Ghana's Government for construction and production at its Central Ashanti gold project.

The Perth-based gold producer has already raised $140m to fund the project.

The company has also got approval from Macquarie Bank and Credit Suisse to secure a loan of $85m and a gold hedging facility to fund the project.

The company said it expects gold production will start at the plant in the third quarter of 2011.