Separate entity, separate books
Each asset sits in its own company, with its own accounts, its own partners and its own funding line.
Division two
Where this company intends to go next, written as an intention rather than an announcement.
JED-CONFRA GHANA LTD holds no mining lease, prospecting licence, reconnaissance licence or small-scale mining licence as at the date of this page. No resource or reserve has been estimated for any property, and no technical report has been prepared or commissioned. Nothing on this page is an offer of securities, an invitation to invest, or a statement that any project exists.
What follows is the structure we intend to use and the ground we are interested in. When that changes, this page changes with it.
The intention
The plan is to hold each mining interest in a separate special purpose vehicle rather than on the balance sheet of the trading company. A single ring-fenced entity per asset keeps the licence, the partner, the funding and the liabilities of one property away from every other property, and away from the gold desk that pays the bills today.
It is a conventional structure in Ghanaian resource work, and it is the structure a serious partner will expect to see before they discuss anything else.
Each asset sits in its own company, with its own accounts, its own partners and its own funding line.
An issue on one property does not travel to another, and does not travel to the trading desk.
An investor or operator can take a position in a single asset without taking a position in the whole company.
Ground of interest
The Eastern and Ashanti belts, the Sefwi belt and the Bui corridor carry Ghana's producing and historically worked gold ground. Our interest follows the geology and the corridors the trading desk already works in, which means the places where we know the operators, the district offices and the communities.
Interest in a region is not a claim over any part of it. Nothing here identifies a specific property, and no application over any specific property is announced on this page.
Order of work
This is the sequence a mining interest has to clear before it appears on this website as a project rather than an intention.
A specific property, and a search at the Minerals Commission confirming what is held over it and by whom.
The special purpose vehicle incorporated, shareholding agreed in writing, and the operator identified.
The application made under the Minerals and Mining Act, 2006 (Act 703), and a licence actually in hand. Not pending. In hand.
Environmental Protection Authority permitting, and agreement with the traditional authority and the affected community before ground is broken.
Operators, geologists and capital partners who work on Ghanaian ground are welcome to make contact. We will tell you exactly where things stand, which is where this page says they stand.