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Zoomlion go into Mining operations

By Fred Sarpong A subsidiary company of Zoomlion Ghana Limited (ZGL), a well renown sanitation company in Ghana is one the three strategic investors who have been shortlisted to take over Ghana Consolidated Diamonds (GCD) Limited at Akwatia in the Eastern Region. The Great Consolidated Diamond Limited (GCDL) is the company and has been shortlisted by the Government of Ghana through Divestiture Implementation Committee (DIC), alongside with two other firms for possible takeover. The two other companies are Jowac Company Limited and Balaji Company Limited. In a telephone interview with Oscar Provencal, Public Relations Officer (PRO) at Zoomlion Ghana, he confirmed that GCDL is a subsidiary of ZGL but declined to speak further. Business Week can confirm that the management of GCDL have tabled US$80 million as the investment capital for Akwatia diamond while the other two firms have proposed between US$50 million and US$70 million. Information gathered indicated that DIC has submitted all ...