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Mining

Mining firms reduce targets for gold prices

Gold

Gold mining companies have disclosed that the declining price of gold on the international market has compelled them to adjust their operational strategy and forecast. The businesses also explain that the development has made them reduce their revenue expectations for their operations. The price of gold on the international market has been declining for some time now. An ounce of ...

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Stop issuance of permits – Minister to EPA

NEW

Minister of Environment, Science, Technology and Innovation, Professor Frimpong Boateng has advised the new members of the Board of Director of the Environmental Protection Agency (EPA), to halt the issuance of permit to small scale miners. The Minister believes this is necessary until such a time that the country will be rid of all harm caused by those whose activities ...

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Be innovative in dealing with illegal mining – Dep. Env’t Minister

illegal mining

Deputy Minister for Environment, Science, Technology and Innovation, Patricia Appiagyei has tasked staff of the Environmental Protection Agency (EPA) to be innovative in their approach to tackling illegal mining. She argues that issues facing the environment can only be dealt with efficiently if technology and innovation are effected in their approach in dealing with the challenges. The Deputy Minister made ...

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Kenyasi residents strike over ‘no jobs’ at Newmont

Newmont 2

Some angry youth in Kenyasi in the Brong Ahafo Region on Tuesday, August 1, 2017 blocked all roads leading to and from the community. They were demonstrating against mining company, Newmont, and demanding immediate employment. The irate youth also say they are unhappy about the company’s alleged pollution of some water bodies and the destruction of their homes. Citi News’ ...

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Govt creates mining districts to regulate small scale mining

Illegal mining in Ghana

Small scale miners whose operations were suspended following the rise in illegal mining activities may have to wait a little longer before resuming work. It follows plans by the government to intensify some oversight roles by the Minerals Commission. Speaking to Citi Business News on the possible time for the resumption of work by the small scale miners, the Minister ...

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Stopping galamsey: Gov’t to ban mercury imports by end of year

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

Government has disclosed it will ban the importation of mercury to augment efforts to curb the impact of illegal mining activities in the country. The move is expected to take effect by the end of 2017. The Minister of Environment, Science, Technology and Innovation, Professor Frimpong Boateng who announced this said the ban will restrict mercury use which has led ...

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Multilateral Mining Integrated Project to be implemented on July 19

galamsey

The Ministry of Lands and Natural Resources has indicated that it will by 19th July this year implement a Multilateral Mining Integrated Project aimed at sanitizing the country’s mining sector. In an interview with Citi Business News at the sidelines of the launch of the Governance Index Report, Deputy Minister for Lands and Natural Resources, Benito Owusu Bio said implementation of ...

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 Ghana must intensify laws governing mineral resources- Report

gold

Some analysts in the mining industry want government to intensify laws governing the management of mineral resources to give value to citizens. They argued that the current practice where managers overlook certain best practices has serious implications if unchecked. These are the outcomes of the 2017 Resource Governance Index report which ranked Ghana 13th in resource governance, out of 81 ...

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Mining firms demand economic respite despite boost in revenue

Eric Asubonteng

Mining companies operating in Ghana have renewed their plea for government to reduce the relative high operational cost which they say is impacting their activities. They contend that the development has compelled some companies to relocate to neighbouring Ivory Coast while Burkina Faso and Mali continue to attract new exploration activities compared to Ghana. The 1st Vice President of the ...

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Saving Atiwa forest from galamsey: Ghana courts US’ support

WhatsApp Image 2017-05-19 at 08.48.49

The US Government has announced its readiness to support government’s efforts to protect the Atiwa Forest reserve and improve the quality of life of residents who depend on the resource. The Forestry Commission is expected to present its plan on converting the Atiwa forest reserve into a national park to cabinet soon. The plan when completed is expected to create ...

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Ghana Business News