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Canadian Police has launched investigations into Canadian mining firm, Cardero Resource Corporation’s recent acquisition of Sheini Hills Iron Ore concessions in Northern Ghana.

The Vancouver-based coal and iron ore company together with its local partner, Emma land, was last year granted a license by the Ministry of Lands and Natural Resources to mine iron ore in the sheini hills in the northern region after large deposits of the metal was struck.

However the company is currently being investigated by the Canadian National Police Force following a formal complaint made by an unnamed third party.

Last year the company was dragged to court by Inland Mining Ghana Limited over a similar matter.

Inland Mining Ghana Limited had filed an application at an Accra high court praying the court to investigate how Emma Land acquired the license to operate. Lawyer for Inland Mining Ghana Limited, John Ndebugri, had alleged Emma Land submitted a pirated copy of his clients’ report on the prospects of the area to the Minerals Commission.

However the Chief Executive Officer of Minerals Commission, Benjamin Aryee, dismissed the assertions. He told Citi Business News the report submitted by the two companies had no similarities.

But the President and CEO of Cardero Michael Hunter maintains the company followed the laid down procedures in its acquisition of the license for the project.

"Cardero created, on its own, a very comprehensive 172 page proposal that was submitted to a wide and diverse panel of experts for review and was clearly the winner of the competition to be awarded the concessions in conjunction with our partner at Emma Land", he stressed.

Michael Hunter says the company is cooperating with the RCMP and has undertaken its own independent review to verify its belief that the Company acted with best business practices in assisting its joint venture partner to compete for, and win, the right to explore and develop the iron ore deposit.

"We believe the Sheini Hills Iron Ore Project has tremendous value and we intend to protect our shareholder's rights to realize the value of this asset and to preserve our corporate reputation", he added.

Meanwhile the 10,000 metre Phase I drill program is in progress with a total of 42 drillholes having been completed to date. Results have been received for the first 7 drillholes.

The company says drilling in progress to the north of these holes continues to intersect thicker iron mineralization, with individual iron formations in excess of 200 metres in thickness from surface.

The Sheini Hills licences comprise a total strike length of 50 kilometres, measured from north to south. Phase I exploration at Sheini Hills is targeting two main types of haematite-dominated iron deposits.**
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