Category: Mining
-
Gold Fields Ghana to increase gold production capacity with €450,000 hi-tech rig
Gold Fields Ghana has announced its plans to enhance efficiency and capacity in gold processing with the acquisition of a state-of-the-art comprehensive instrumentation rig, said to be the first of its kind in Ghana’s mining sector and Africa. Speaking at the commissioning of the instrumentation processing rig in Tarkwa, Joshua Mortoti, Head of Gold Fields…
-
No license granted for lithium exploitation, production – Lands Ministry
The Ministry of Lands and Natural Resources has denied reports that it had granted mining licences for lithium exploitation and production in the country. The Ministry in a statement disclosed that though there are ongoing explorations for the mineral, the Ministry or any government agency is yet to issue either a lease or permit for…
-
IES calls for efficient exploration of Ghana’s lithium resource
The Institute for Energy Security (IES) has emphasized the need to promote the efficient and sustainable lithium exploitation in Ghana’s mining industry. This is on the back of Lithium discovery in commercial quantities in the Central Region. Addressing a National Stakeholder Dialogue on Energy Transition which focus on Lithium discovery in Ghana, the Executive Director…
-
Small-scale mining fetched Ghana almost US$1.2 billion in 2022 – Lands Minister
Samuel Abu Jinapor, the Minister of Lands and Natural Resources has stated small-scale mining has been contributing increasingly to the nation’s gold output as the sector produced a total of 712,405 ounces of gold last year. This he said brought the nation almost US$1,200,000,000 in export receipts, adding that all diamonds produced in the country in 2022,…
-
BCM announces the commencement of operations at one of Africa’s biggest iron sites
The BCM Group has announced that plans are far advanced to resume mining operations in Tonkolili in Sierra Leone under a new and expanded partnership with Leone Rock Metal Group, previously known as Kingho Investment Company Limited. This comes after it signed a new agreement with the company. The Leone Rock Metal Group is one…
-
BCM anticipates steady growth in international operations in 2023
Ghana based, international contract mining and civil earthworks contractor, BCM, is expecting steady improvement over the next two years. This comes after the company had a sluggish and problematic 2020/21, along with many in the industry, though it stabilized itself in 2022 and was able to bounce back in the third quarter. Chief Executive Officer,…
-
Government partners private companies to mine abandoned iron ore in Oti Region
Ghana’s iron ore and steel industries are set to receive significant boosts following the initiative by the government, and some potential investors to mine an abandoned ore reserve in the Oti Region. The reserve, which holds about 500 million tonnes of iron ore, will boost steel production in the country and also provide several direct…
-
Gov’t urged to make Ghana a jewelry production hub in Africa
Acting Executive Vice President and Head of Gold Fields in West Africa, Joshua Mortoti has urged the government to prioritize turning Ghana into a jewellery production hub on the continent. Ghana overtook South Africa as the continent’s largest gold producer with 4.8 million ounces in 2018 and increased the production to 5.0 million ounces in…
-
Gov’t slaps Maxam company with $6 million fine over Appiate explosion
The government has imposed a fine of $6 million on Maxam Ghana Limited, the company at the centre of the explosion that occurred at Appiate in the Prestea Huni-Valley Municipality of the Western Region, which killed some 13 people and destroyed the entire community. This was disclosed by the Minister for Lands and Natural Resources,…
-
Gov’t urged to ensure stable fiscal regime to attract more investments
Executives of leading mining company, Gold Fields, say businesses and investors will appreciate stability in the country’s fiscal regime. According to them, a stable fiscal regime helps with the effective running of businesses. Different stakeholders have for some time now been raising issues with the trend of policy inconsistencies from the government especially when it…