IGE to focus on Kenyan Gold project

January 20, 2009

Commodity Online
NEW DELHI: Considering the instant boom in gold and the recessionary trends, International Gold Exploration (IGE) is now focusing on projects which will yield immediate cash flow.

Listed on the Oslo Stock Exchange and the Swedish NGM-equity list, ICE has a portfolio of projects in Angola, Kenya, Burundi, Sweden and Norway and is based in Stockholm.

The company has stated that it is refocusing its activities in response to the global economic slowdown and its main focus will be on Kilimapesa gold project in Kenya.

ICE expected the gold project to be commissioned this month and to start generating cash flow during the first quarter of 2009, with low capital requirements.

The Swedish exploration and mining firm has also increased its cost reduction measures in order to ensure that it maximises performance in the current economic climate.

ICE is aiming to become a leading exploration and mining company in Africa and Scandinavia and operates as three separate business units — IGE Africa, IGE Nordic and IGE Diamond.

To buy Hallmarked 999.9 Pure Swiss Gold Bars, Gold Bullion, Gold Ingots & 916 Gold Coins in Singapore or convert your 916 Physical Gold to physical 999.9 Pure Swiss Gold Bars, Click on Buy Gold to find out more. You may Sell Gold to us too.

[ Back To Home ]

[ Site Map ] [ Terms & Conditions ] [ Disclaimer ] [ Contact ] [ How To Link To Us ] [ Gold Directory ]

Buy Gold & Sell Gold - Singapore Gold Bullion Dealer