Kolkata-based Shree Ganesh Jewellery House plans investment in the African country of Ghana.
The company will be investing around Rs 550 crore in the gold mining activities. The company has formed Shree Ganesh Ghana, a 100 per cent subsidiary for the purpose. It is holding discussion with Precious Minerals Marketing Company (PMMC) Ghana, the government agency on this. Initially the company will be buying semi-refined gold dore bars from a few mines. Subsequently, it will invest in the mining activities which will include making investments in the infrastructure, machinery, plant, cleaning and washing facilities, etc.