Business News of 2012-08-29

PMMC strategizes to attract private investments

Precious Minerals and Marketing Company, PMMC is strategizing to attract private investments into its operations.

This comes after the company wholly owned by government recorded a loss of nearly 50 percent last year due to fluctuations in the world market price of gold.

Despite declaring a dividend of 500 thousand cedis to government, managers are exploring various recapitalization options including listing on the Ghana Stock Exchange.

A Director, Mike Ezan tells JOY BUSINESS, government would however have the final say.

He adds steps are also being taken to boost the company’s profits from minerals production.