Asanko Gold Assigns Mining Contract to PW Ghana

Asanko Gold Inc. (TSX:AKG,NYSENKT:AKG) announced that it has awarded the mining contract for Phase 1 of its Asanko gold mine. Phase 1 is fully permitted, and construction started in August.

As quoted in the press release:

The Company completed a rigorous tendering process to select the mining contractor and has awarded the contract for the Nkran pre-strip plus the first year of mining operations to PW Ghana Ltd (‘PW’), a subsidiary of PW Mining International Ltd of Accra, Ghana. PW has extensive experience in West Africa and a full fleet of equipment in excellent condition that can be immediately deployed to the Project site. Pre-stripping is expected to commence in January 2015. Mobilization, clearing and grubbing will take place in November and December 2014.

The process of finding a mining contractor began in May of this year when the Company invited 19 mining contract companies to tender. From these initial submissions, it was determined that a short list of seven companies had the capability to meet the Project timelines and quantities. In July, these short listed companies were invited to provide a more detailed tender. Four of the tenders submitted were selected for detailed technical and commercial review.

Click here to read the full Asanko Gold Inc. (TSX:AKG,NYSENKT:AKG) press release.