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Newmont to comply with Ahafo mine accident findings


Newmont Ghana Limited says it will address all findings outlined in the investigative committee’s report on its Ahafo mine expansion project. According to the company’s Regional Senior Vice President for Newmont Africa, Alwyn Pretorius, the firm will work to prevent the incident from happening again. “We are all devastated by the loss of six colleagues and will carefully study the ...

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Newmont, others fined $ 2.7m over Ahafo mines accident


A committee set up by the Ministry of Lands and Natural Resources to investigate the Ahafo Mines accident which left six people dead and four others injured has directed that Newmont Ghana Gold Limited be fined US$500,000 for negligence. The company will also been fined US$10,000 for failing to ensure that DRA Company Limited, the company it contracted to supervise ...

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Gold production increase by 10.2% in 2017

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Ghana’s gold output rose to 2.805 million ounces in 2017, up 10.2 percent from the previous year, data from the Ghana Chamber of Mines has indicated. The growth reflected a general increase in output across most of the 12 mining firms operating in the country, the chamber said. Total gold revenues amounted to $3.52 billion in 2017, up from $3.25 ...

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Pambros Salt Company to lay off workers due to encroachers


Salt manufacturing company, Pambros, has served a strong notice that it may be forced to lay off about half of its workers should activities of encroachers on its properties go unresolved. The company is thus seeking an intervention from the government to help them deal with issues. The concerns follow a working visit by the Minister for Environment, Science, Technology ...

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AngloGold South Africa to cut 2,000 jobs

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South African gold miner AngloGold Ashanti plans to cut 2,000 jobs at its domestic operations, it said on Wednesday, as part of plans to cut costs. AngloGold employs roughly 8,200 people in South Africa, where mining companies have had to deal with the risk of volatile labour relations, rising costs, regulatory disruptions and technical issues. “The restructuring will affect employees ...

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Mining Atewa forest will make Ghana worse off—Group


The Executive Director of Aroucha Ghana, a group against mining in the Atiwa forest, Daryl Bosu has maintained that the group will continue to oppose any move by government to mine bauxite in the Atewa forest in the Eastern region. According to him, mining in the Atiwa forest will destroy water bodies in the area that serve as a source ...

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Ghana to adopt new formula for royalties in mining sector


Dividends accruing to Ghana from mining activities should increase significantly with the adoption of a new formula for calculating the figure. The new system has become necessary as the country is reported to have been losing millions in revenue to the mining sector over reports of little or no profits by the mining companies. These among others are the key ...

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Mine workers threaten legal action against redevelopment of Obuasi mine

Mineworkers in Ghana

The National Coalition on Mining, (NCOM) and the National Mine Workers Union are threatening to take a legal action against government should Parliament ratify an agreement before the House to allow a redevelopment of the Obuasi mine. Government and Anglogold Ashanti in February this year, signed a regulatory and fiscal agreement that will provide the framework for the redevelopment of ...

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Dr. Bawumia hits mining companies for exploiting Ghana


The Vice President, Dr. Mahamudu Bawumia has strongly indicated that government will not accept the instances where mining companies declare no profit yet engage in active production to avoid paying dividend to government. Dr. Bawumia who expressed disquiet about the development disclosed that mining companies operating in the country have since 2012 refused to pay dividend to government, stating that ...

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GRA to set up int’l commodity prices monitoring desk

GRA Commissioner, Emmanuel Kofi Nti

The Ghana Revenue Authority (GRA), has said that it is setting up a desk at its headquarters which is going to be dedicated to monitoring the prices of commodities on the world market. The desk, according to the GRA, will help it reconcile prices of gold and other commodities to that are reported by local producers and exporters. “We want ...

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