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Mining

Mineworkers ‘halt’ layoffs at Goldfields

demo goldfields

Goldfields Ghana Limited may have to put on hold its planned layoffs at the Tarkwa mine until the court decides on a case brought before it by the Ghana Mine Workers’ Union. The labour division of the Accra High Court is expected to hear the case next month (February 15th, 2018). Citi Business News understands that this is also to ...

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Top 20 business stories in 2017

Dr. Bawumia (L) and Ken Ofori-Atta (R)

Your most comprehensive business news website,  citibusinessnews.com brings you some of the top business stories in the year 2017. These news’, which cuts across different sectors of the economy also featured on our news bulletins on Citi FM. GCB takes over UT and Capital banks The Bank of Ghana in 2017 revoked the licenses of two indigenous banks, UT Bank ...

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Environment Ministry to ban mercury use in mining

Prof Frimpong Boateng - Minister of Env't, Science, Tech & Innovation

The Minister for Environment, Science, Technology and Innovation, Professor Frimpong Boateng has revealed government’s intentions to drastically reduce the use of mercury in mining activities in the country as it poses serious health hazards. As a result, Ghana has signed an agreement with the MINAMATA Convention. The Convention seeks to ban the use of mercury in artisanal mining to reduce ...

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Mine workers to petition Parliament over layoffs at Goldfields

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The Ghana Mine Workers Union will this morning march to Parliament to demonstrate against what they describe as the unacceptable treatment of the workers of Goldfields Ghana Limited. This follows a decision by the mining firm to lay off about one thousand five hundred of its workers. According to the company, the layoff is as a result of the mine ...

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Mine Workers Union rejects Goldfields reasons to lay off workers

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The Ghana Mine Workers Union is rejecting reasons given by mining firm, Goldfields Ghana Limited to embark on a retrenchment exercise. Goldfields Ghana Limited told Citi Business News it will lay off about 1,500 workers this month as part of measures to change its business model, and make the company profitable due to the relatively short lifespan of the mine. ...

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Sacked Goldfields workers to be reemployed

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Mining firm Goldfields Ghana, has told Citi Business News majority of the workers at Tarkwa mine, that will be laid off this month – December, 2017 will be reemployed by the contractor that will take over the operations of the mine. The mining firm confirmed this morning, 12th December, 2017 to Citi Business News that it will lay off about ...

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Goldfields to lay off 1,500 workers

Goldfields

Mining firm Goldfields Ghana is to lay off about 1,500 of its workers. The retrenchment is expected to affect majority of its miners at the Tarkwa mine. Citi Business News has gathered the layoffs will take effect this month December, 2017. Goldfields has told Citi Business News it had to undertake the layoffs due to the current life of the ...

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Newmont tops Ghana Club 100 rankings

General Manager for Newmont Golden Ridge Limited, Joep Coenen

Newmont Golden Ridge Limited has been crowned as the number one company at this year’s edition of the Ghana Club 100 awards. The company beat off competition from over ninety other companies to assume the coveted position. This is the second time the mining company has assumed the coveted position. Aside winning the topmost award on the night, Newmont also ...

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Golden Star Bogoso/Prestea is 2017 Mining Company of the Year

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Golden Star Bogoso/Prestea has won the 2017 Mining Company of the Year Awards at the Ghana Mining Industry Awards, organised by the Chamber of Mines. The company was awarded for its good mining practices as well as investing in its host communities. Apart from winning the coveted Mining Company of the Year, Golden Star Bogoso-Prestea was also adjudged the best ...

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Ghana launches programme to link mining sector and local businesses

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Strengthening the mining sector’s contribution to local and national development is the theme of a meeting slated for November 1 and 2, 2017 in Accra. With annual mining procurement exceeding $1 billion, the meeting will see the launch of an innovative National Suppliers’ Development Programme (NSPD) that aims to secure a greater share of this market for Ghanaian firms. The Ghana government ...

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