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Mining

Govt implores mining firms to halt layoff plans for 2016

Mineworkers in Ghana

Government has begun negotiations with mining companies in the country to halt any move to lay off workers this year over fallen gold prices. According to the Ministry of Lands and Natural Resources, government is putting in place measures to cushion mining companies from the price plunge. Most mining companies in Ghana last year, began massive downsizing of their operations, ...

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Govt grants GoldFields Ghana tax and royalty concessions

mining

Government has granted tax and royalty concessions to mining firm Gold Fields Ghana Limited. This is part of the stability agreement reached after three year talks with the government to ease its tax burden on Gold Fields. The mining industry, is currently reeling under threats of increased resource rent tax and excessive demands to provide basic infrastructure in mining communities ...

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End invasion of Anglogold’s concessions: Minerals Commission to Small Scale miners

Illegal mining in Ghana

The Minerals Commission is appealing to Artisanal and Small Scale Mining members who continue to occupy AngloGold Ashanti’s Obuasi concession to end their invasion. This comes after AngloGold Ashanti Ghana Limited successfully completed the process of surrendering 60% of the Obuasi concession to government. AngloGold Ashanti continues to complain about an invasion of its mine by illegal miners leading to ...

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Gold Smuggling : Minerals Commission to punish culprits

Dr. Tony Aubynn- CEO, Minerals Commission

The Minerals Commission has served notice to deal with any person or companies found culpable in smuggling gold out of Ghana. According to the Commission, the country stands to lose huge revenue as long as smuggling continues. The Commission’s warning comes after the country lost an average of 1.925 billion dollars from the smuggling of gold to India over the ...

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‘Stay away from our lands’ – Quarry operators to estate developers

‘Stay away from our lands’ – Quarry operators to estate developers

The Commercial Quarry Operators Association has served notice to prosecute property owners who site properties within 500 meters of licensed concession. The quarry operators have urged property owners to relocate or be forcibly ejected to prevent fatal accidents. There have been growing public concerns over citing of quarries close to developing residential communities. “People are encroaching and building on it ...

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Govt targets gold processing to increase revenue

President John Mahama

Government is moving to cut down on unprocessed gold export to add value to the commodity before they are exported. Delivering the State of the Nation address in parliament on Thursday , President John Mahama stated that the move is part of diversifying the economy to add value to the country’s major export commodities which have seen a dip in ...

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Anglogold to cede majority of Obuasi mine to Govt

AngloGold

Citi Business News has gathered that AngloGold Ashanti will soon be ceding over two-thirds of its Obuasi mine to government. The latest development comes after some galamsey miners clashed with staff of AngloGold Ashanti, which lead to the death of the company’s Communications Specialist, John Owusu. Chief Executive Officer of AngloGold Ashanti Srinivasan Venkatakrishnan, speaking to the press said Anglogold ...

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Mineworkers renew calls against unfair wages

Mineworkers in Ghana

The Ghana Mineworkers’ Union (GMWU) has renewed its call for an end to unfair wages being paid by the multinational mining companies operating in the country. According to a 2013 HAYS research report put together by HAYS Resources and Mining Global Salary Guide, which ranked 37 mining countries on locals/nationals and expatriates average annual salaries, Ghanaian locals/nationals only make 39,200 ...

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Anglogold denies pullout of illegal miners from Obuasi site

Illegal mining in Ghana destroys forest and water bodies

Anglogold Ashanti has rejected claims that illegal miners occupying the Obuasi mine have been removed by the Ashanti Regional Police Command. According to a statement issued by the company, the illegal miners continue to occupy and operate on parts of the mine . This comes after the Ashanti Regional Police Command denied having withdrawn partially the SWAT team sent to ...

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Evict trespassing ‘galamsey’ miners now – Chamber of Mines

Director responsible for Public Affairs and Environment at the Ghana Chamber of Mines, Ahmed Nantogmah

Director responsible for public affairs and environment at the Ghana Chamber of Mines, Ahmed Nantogmah, has called for the immediate eviction of illegal miners trespassing on mining concessions. This follows the recent clashes between illegal miners and officials of Anglogold Ashanti (AGA) on their mining concession in Obuasi which led the tragic death of John Owusu, the AGA Communications Manager. Officials at ...

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Citi Business News