Category: Mining
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Mining support service companies protest 500% increase in permit charges
Mining support service companies are impressing upon the Minerals Commission to reduce what they say is a 500 percent increase in permit charges. In a letter sent to the Minerals Commission and sighted by Citi Business News, the companies complain they were previously charged between GHS10,000 and GHS5000 for Sole Proprietorship per annum for a…
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Chamber of Mines releases names of gov’t reps on boards of mining firms
The Ghana Chamber of Mines has provided the names of the government’s representatives on the Boards of some mining companies cited for depriving the state of revenue in the form of dividends. The list however falls short of two of the companies that have been identified as not paying dividends to the state. The representatives…
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Minings firms deny US$14 million gov’t dividends rip-off
The Ghana Chamber of Mines has refuted claims that some of its members pocketed US$14 million supposed to be paid to the government as dividends payments between 2013 and 2016. An investigation by an anti-corruption institution, iWatch Africa, had revealed that some six mining companies operating in the country defaulted in paying dividends to the…
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Newmont Ghana is now Newmont Goldcorp Ghana 
Ghana’s leading gold producer, Newmont Ghana, has welcomed the successful completion of the transaction creating the world’s leading gold company, Newmont Goldcorp, and looking forward to a safe and orderly integration. The transaction closed on 18 April 2018, and the Company’s business in Ghana is now called Newmont Goldcorp Ghana. “Newmont Goldcorp features an unmatched…
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Ghana becomes Africa’s top gold producer
Ghana has become the largest gold producer in Africa, toppling South Africa in a recent data released by the World Bank. The data copied to the Ghana News Agency said Ghana exported 158 tonnes of gold in 2018, about 15% increase over the previous year. Ghana has thus dethroned South Africa, which produced 139.3 tonnes…
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Golden Star Resources President visits Ghana
Mr Andrew Wray, President and CEO of Golden Star Resources has visited Ghana. This is his first visit to the Ghana Operations after taking up the helm of affairs at the company on 1st May 2019. In addition to visiting the company’s operations at Wassa and Prestea both in the Western North Region of Ghana,…
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Revised Petroleum Agreement will be beneficial to Ghana–AGM
Norwegian oil company, AGM has described a revised petroleum agreement it has with Ghana as a good deal that will enable the country benefit from exploration of oil. Parliament last week ratified the revised petroleum agreement for the South Deepwater Tano (SDWT) block which is over 3.5 kilometres below sea level. By the approval, AGM…
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Gov’t seeks $200m to ensure sustainable mining
Government is seeking to raise some $200 million from donors for the implementation of the Multi- Sectorial Mining Integration Project which seeks to ensure sustainable mining in the country. The World Bank and the Australian government have already committed $30 million and $500,000 respectively for the implementation of the project The Multi- Sectorial Mining Integration…
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Ghana seeking more investors to mine bauxite—President Akufo-Addo
President Akufo-Addo has assured that a request for proposal will be sent out by the end of February, as part of efforts to attract private investors to help in the development of an integrated aluminum industry in Ghana. He made the comments while delivering his third State of Nation Address to Ghanaians in Parliament. According…
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Small Scale Miners Association decry delays in issuing permits
The Small Scale Miners Association (SSMA) have bemoaned delays in the issuance of permits by some government agencies to enable their members resume operations. The miners say although the ban on their operations have been lifted, some state agencies have not yet completed activities that will enable them commence operations. Citing the Lands and Natural…