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DEVELOPMENT of Newmont Mining’s $US500 million ($A662.5 million) Akyem gold project in Ghana appears to be on hold after the company’s engineering contractor Lycopodium yesterday said it had been advised by the American company that the project was suffering from permit issues and countrywide power shortages.
The US gold giant awarded Perth-based Lycopodium the engineering, procurement and construction management (EPCM) contract in August last year, the latter's largest contract to date.
Major investment in Ghana's first modern battery metal mine
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West Africa an improved opportunity
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