Friday, November 18, 2011

Gold rush in West African

Gold rush in West African cause growth for Geodrill.State current gold rush in West Africa is spurring growing demand for drilling services in the region, said Geodrill Ltd's Chief Executive David Harper on Friday.The small drilling services company, which listed in Canada barely a year ago, is in the process of dramatically expanding the size of its drill fleet to keep pace with the demand in the region.

Gold mining heavyweights like Newmont , Kinross and Iamgold all own major mines in the region and have invested billions of dollars to boost production in countries like Ghana, Mali and Mauritania.

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