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ANGLOGOLD to set up new company to run Ghana operations

AngloGold-Ashanti-Logo

Citi Business News has gathered ANGLOGOLD ASHANTI has begun moves to set up a new company to run its operations in Ghana. The new company will also run the mining giant’s other operations across the world except that of South Africa. The move which is subject to approval from regulators and shareholders is expected to be executed next year. The ...

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Newmont justifies reduction in job cuts

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Newmont Ghana has justified the reduction in the number of job cuts expected to be undertaken this month. The mining giant reduced the number of job cuts from an earlier 600 to 472 people. The move forms part of a retrenchment and restructuring exercise it is undertaking to ensure its continuous survival. The move however received stiff resistance from the ...

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Metso Minerals Ghana sued for contempt

metso-crushing-plant

Mining Services Giant, Metso Minerals Ghana has been slapped with a legal suit for contempt of court following the termination of appointment of its Former Managing Director and Finance and Administrative Director. Metso Minerals Ghana was hit with the suit after it went ahead to fire the two though the court ordered them not to take any such action until ...

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Miners close to resolving impasse with Newmont

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Barring any last minute hitches, the arbitration between Mining giant Newmont Ghana and its junior staff could see some closure next week. This follows reports that negotiations between the two in their dispute resolution process are far advanced. The impasse between the two heightened when Newmont announced its intentions to lay off some 600 of its workers as part of ...

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Metso Minerals Ghana dragged to court

METSO

Mining Services Giant, Metso Minerals Ghana has been dragged to court by a Former Country Managing Director and Financial Director of the company over the termination of their appointments. The two are also in court over the failure of the company to pay them their severance package. Their appointments were terminated over mismanagement of the company. Another writ for contempt ...

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Invest in Africa pushes for local mining investment

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Invest in Africa, an investment Consortium, is charging government to identify a number of local budding companies in the extractive industries to extend some support to them to become global giants. Ghana, for several decades, despite its gold mines and other resources cannot boast of indigenous global giants in the mining industry. Country Manager for Invest in Africa, Sam Brandful tells ...

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Retrenched workers of Anglogold given investment options

Anglogold Ashanti (AGA), Ghana, with guidance and endorsement from the Ghana Mines Workers’ Union, has given a lifeline to more than 800 workers it has retrenched by organising a special investment fair at which the workers were provided with financially secure and safe advice from experts. The objective of the fair was to impart knowledge on how to manage their ...

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Newmont suspends retrenchment exercise

Mining giant Newmont Ghana has temporarily halted plans to lay off 600 workers by the close of the second quarter of this year. The latest move is in response to National Labour commission (NLC)’s directive yesterday. Newmont was dragged to the commission by the Ghana Mineworkers Union (GMWU) over the retrenchment exercise. Both parties presented their case to the NLC ...

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NLC orders Newmont to stop retrenchment excercise

The National Labour commission (NLC) has directed mining company Newmont to stop any plans to sack 600 of its workers. Newmont was dragged to the commission by the Ghana Mineworkers Union (GMWU) over the move to sack the workers. Newmont has announced it will have to lay off the workers by the end of the second quarter of this year ...

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Mineworkers to strike if Newmont lays off workers

The Ghana Mineworkers Union (GMWU) has threatened to embark on an industrial action if Newmont goes ahead to sack 600 of its workers this year. Newmont has announced it will have to lay off the workers by the end of the second quarter of this year. According to the mining giant the move is part of efforts to improve and ...

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Ghana Business News